Kushner business secured loans from bank bigs after White House meetings

02 March, 2018, 02:59 | Author: Evan Mason
  • Jared Kushner

The real estate company owned by the family of White House senior adviser Jared Kushner, who also happens to be President Donald Trump's son-in-law, received more than $500 million in loans previous year after executives from the lending companies met with Kushner at the White House.

Federal prosecutors in Brooklyn issued a document request to Kushner Cos. for information about that loan in November of previous year, the Journal reported in December.

Apollo Global Management lent Kushner's family real estate business $184 million, months after Harris advised the Trump administration on its infrastructure policy. During that time, The New York Times reports, Kushner and the company executive met multiple times.

Citigroup said there was no conjunction between the decision to lend the money to the company and Kushner's role in the White House, since Kushner Companies had been a bank client since before the election.

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And on Wednesday, Wednesday, Bloomberg reported that the New York Department of Financial Services petitioned Deutsche Bank and other lenders for information about Kushner, his family and their eponymous company.

The regulator also asked for information related to other family members, the person said.

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One matter under investigation by the federal prosecutors involves a $285 million loan given to Kushner Cos.by Deutsche Bank one month before the 2016 presidential election, a time when Mr. Kushner was still chief executive of the real-estate firm, the Journal also has reported.

The two reportedly spoke about a potential job opportunity at the White House, but the job did not come to fruition.

Christine Taylor, a spokeswoman for Kushner Cos., said the company has not received a copy of the letter from the DFS.

"Those involved in the process again have confirmed that there are dozens of people at Mr. Kushner's level whose process is delayed, that it is not uncommon for these clearance reviews to take this long in a new administration, and that the current backlogs are now being addressed", Mirijanian said. "As ..."

Still, the Times' report is the latest in a series of worrying claims about the Trump family profiting from the presidency, which has sparked concern both inside and outside the White House. In Kushner's case, a permanent clearance wasn't coming anytime soon; according to the Washington Post, Deputy Attorney General Rod Rosenstein had warned the White House on February 9 that recent revelations in Kushner's background investigation "could be an obstacle to his clearance process". She said Citigroup negotiated the 2017 loan with Kushner Cos'. business partner, a real estate developer.

Kushner reportedly received a $325 million loan from Citigroup.

. His real estate holdings and other investments are worth as much as $761 million, according to government ethics filings.

Kushner's company, which he left to take his position in the White House past year, is also being investigated by the U.S. Securities and Exchange Commission, along with federal prosecutors in NY, over its use of a visa program used to attract foreign investment, according to Bloomberg.



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