Jared Kushner Met Private Equity Firms In White House, Got Massive Loans

Jared Kushner Met Private Equity Firms In White House, Got Massive Loans”

The family real estate business of Jared Kushner, President Donald Trump's senior adviser and son-in-law, received more than half a billion dollars in loans from companies whose leaders attended private White House meetings with him previous year, the New York Times reported late Wednesday.

Apollo Global Management lent Kushner's family real estate business $184 million, months after Harris advised the Trump administration on its infrastructure policy.

When Kushner joined his father-in-law's administration, he stepped down as CEO of his family's real estate company but is still seen as closely linked to the business, which has sought loans from foreign countries and banks to cover the company's debt, potentially creating several conflicts of interest and problematic entanglements for Kushner. A short time later, Citigroup handed Kushner Companies and one of its partner companies a massive loan of $325 million. Citigroup gave Kushner Companies a sum of $325 million - one of the largest loans availed by the company past year - to help finance a group of office buildings in Brooklyn.

It also stated that information regarding the family members was also requested.

Kushner has been forced to repeatedly correct omissions in his "SF-86", the government-wide form used to apply for clearances, as well as his financial disclosure forms, which experts said could delay or even end his chances of earning a clearance through the normal process. "These type of inquiries appear to be harassment exclusively for political reasons".

Kushner and the equity group executive reportedly met a number of times before the loan was granted.

Kushner met multiple times with Apollo Global Management chief Joshua Harris.

A Citigroup spokesperson, Danielle Romero-Apsilos, said Kushner Cos. had been a bank client before the election and the relationship had no connection to Kushner's White House role.

Apollo spokesman Charles Zehren told the paper Harris was not involved in the decision to loan money to Kushner Cos. The agency is also requesting descriptions on how the banks processed Kushner's loans and whether the banks did any internal review of the Kushners and their companies, the person said.

A spokesman for Kushner's attorney Abbe Lowell told The Times that Kushner "has met with hundreds of business people", and "has taken no part of any business, loans or projects with or for" his family's business since joining the White House.

His clearance was reduced to the level of secret and his official portfolio inside the West Wing, especially with regard to his globe-trotting foreign affairs work on behalf of Mr Trump, is expected to be sharply reduced as well, the sources said.

Often seen by Mr Trump's side during key moments of worldwide diplomacy and presidential announcements during much of 2017, Mr Kushner accompanied Mr Trump on trips to Asia, the Middle East and Europe, meeting with officials in each place.

Special counsel Robert Mueller is focused on Jared Kushner "like a laser" after the president's son-in-law had his security clearance downgraded, Watergate reporter Carl Bernstein claimed on Tuesday night.

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