• News
  • Health Care

Jared Kushner's Ties to Banks Under Scrutiny

Jared Kushner's Ties to Banks Under Scrutiny

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 a year ago after executives from the lending companies met with Kushner at the White House.

"So that loan, $184 million, after these meetings at the White Wouse between the Apollo guy and Jared Kushner...they talk among other things about a potential job at the White House for the Apollo guy", Maddow noted. The Apollo loan was triple the size of the average Apollo property loan, the Times says.

Citigroup in the spring of 2017 also lent Kushner Companies money totaling $325 million.

Officials from the United Arab Emirates, China, Israel and Mexico have privately discussed how to use Kushner's lack of foreign policy experience and business interests to their advantage, The Washington Post reported Tuesday.

DFS Superintendent Maria Vullo, an appointee of New York Gov. Andrew Cuomo, has asked for the banks to reply to her request by Monday, March 5, said the person familiar with the letters.

Earlier this month, Bloomberg LP reported both the IRS and U.S. Department of Justice subpoenaed lenders and investors involved with Kushner family properties in NY and New Jersey, some dating back as far as 2010.

And spokespeople for both companies asserted the loans granted to Kushner Companies were unrelated to the meetings.

The diminished security clearance will hinder Mr Kushner's foreign policy role.




Apollo spokesman Charles Zehren told the paper Harris was not involved in the decision to loan money to Kushner Cos. The two reportedly did not discuss Kushner Companies.

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

Jared Kushner, senior adviser and son-in-law to US President Donald Trump, has had his security clearance downgraded, according to sources familiar with the issue.

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's security clearance, as first reported by Politico, was downgraded Tuesday by White House Chief of Staff John Kelly, along with those of several other administration staffers who had been working on interim clearances since Trump's inauguration.

Kushner's contacts with foreign officials are now under investigation by US special counsel Robert Mueller, who has been probing Russia's interference in the last presidential election since May 2017. According to reports, Mueller has been looking into the financial dealings of a number of Trump family members, including Kushner. Kushner also still holds a stake in the entity that owns the Brooklyn buildings and received the loan from Citigroup. His real estate holdings and other investments are worth as much as $761 million, according to government ethics filings.

Citigroup gave Kushner Companies a sum of $325 million - one of the largest loans availed by the company previous year - to help finance a group of office buildings in Brooklyn.

Leave Your Comment

Leave Your Comment


Latest News

Breaking News



Recommended

Ester Ledecka Makes History, Winning Olympic Gold In Both Snowboarding And Skiing

Her victory in the parallel giant slalom, an event in which she is the reigning world champion, was far less of a shock. Elsewhere, Canada's Sebastien Toutant won gold in the Men's Snowboard Big Air at the Alpensia Ski Jumping Centre.

The Coca-Cola Co (KO) Shares Sold by Associated Banc Corp

Investors often use this ratio to evaluate what a stock's fair market value should be by predicting future earnings per share. Its up 0.01, from 0.82 in 2017Q2. 79 funds opened positions while 248 raised stakes. 9,843 are owned by Hilton Cap Mgmt Lc.

David and Louise Turpin to make court appearance in captivity case

Caleb Mason, an attorney for the older Turpin siblings, said Friday that "our clients are doing very well in their recovery". Turpin Family Case: What to Do If You Suspect a Child Is in Danger? David Turpin during a recent court appearance. .

Huawei P20 Prototype Available with Kirin 970 and Android Oreo

The company might instead unveil three tablets and a Bluetooth speaker, which is said to be compatible with the three tablets. The volume rocker and the power button are also keeping their place, along with the specific texture of the keys.

Stephen Fry reveals cancer

Angela Culhane , chief executive at Prostate Cancer UK, said: " Prostate cancer is the most common cancer in men". Fry also thanked "my darling, darling husband" Elliott Spencer , who he said has been "just marvellous".

Google Assistant to get multilingual voice support this year

Also, the Assistant Carrier program will help users be able to get information about the mobile plan directly from Assistant. Sprint, Koodo, Telus and Vodafone are the first to actively develop Assistant integrations, with many more "coming soon ".

Latest update to fix text bug that causes iPhone to crash

The app will remain inaccessible until the conversation that has the Telugu character is deleted. In the worst cases, the character caused the devices' to boot loop.

Airbnb is going mainstream and adding regular hotels to its listings

He also announced the creation of a new store for Superhosts, which would give them exclusive pricing on smart home devices. Later this year, Airbnb will unveil a new guest membership program offering benefits across the entire trip.

Emotional win for Bubba at Riviera

On opposite coasts, Bubba Watson and Joe Durant produced unique history Sunday in Pensacola's extensive professional golf legacy. Had his bunker shot on 14 snuck by the pin, it would have rolled out several feet, leaving a hard comebacker for par.

'I will not shut up,' Haley tells Palestinian negotiator

Top Palestinian officials condemned the move, saying it disqualified the USA from playing the role of arbiter. Abbas did not stay in the council chamber to listen to her.