Jared Kushner's Ties to Banks Under Scrutiny


The New York Times reports Apollo Global Management, a private equity firm, lent $184 million to Kushner Companies in November. Harris met with Kushner multiple times to discuss infrastructure policy, but they also spoke about Harris possibly getting a job with the administration, which never happened.

Even by the standards of Apollo, one of the world's largest private equity firms, the previously unreported transaction with the Kushners was a big deal: It was triple the size of the average property loan made by Apollo's real estate lending arm, securities filings show. "Now tonight, we learn that Kushner's companies, companies in which... he partially owns them or holds a stake in them, they have received hundreds of millions of dollars in loans from entities whose executives have been meeting with Jared Kushner regularly in the White House in his capacity as a senior White House official".

In both cases, there was no direct proof of a quid-pro-quo relationship between Kushner and the two executives approving his loans, The Times noted.

It also stated that information regarding the family members was also requested. According to government financial disclosures from previous year, he has lines of credit at the three banks, among others. "These types of inquiries appear to be harassment exclusively for political reasons".

The Washington Post reported on Tuesday that U.S. officials had intercepted conversations among officials from at least four foreign governments - China, the United Arab Emirates (UAE), Mexico and Israel - about using business opportunities to seek leverage over Mr Kushner.

Peter Mirijanian, a spokesman for Kushner's lawyer Abbe Lowell, said Kushner has had no role in Kushner Cos since joining the government.

The funding from Apollo Global Management went toward the Kushner Company's mortgage on a Chicago skyscraper, while the loan from Citigroup was used for the Kushner Company's Brooklyn office buildings.

Taylor, of Kushner Cos, told the Times "stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved".

Kushner and his wife Ivanka Trump, the president's daughter, work in the West Wing but choose not to take a salary. It soon emerged that a number of White House aides, including Kushner, had access to top-secret information even though their background checks were not complete.

Kushner resigned from Kushner Companies when he joined the Trump White House and put part of his stake into a trust, but he still has the majority of his interest in the company.

The diminished security clearance will hinder Mr Kushner's foreign policy role. White House National Security Adviser H.R. McMaster has reportedly asked Kushner to explain meetings he has had with foreign officials without notifying the National Security Council.

Ethics experts have long frowned on the idea of senior administration officials with active corporate activities because of potential conflicts of interests.

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