Businesses Reportedly Gave Jared Kushner's Co $500M Loans After White House Meetings

Businesses Reportedly Gave Jared Kushner's Co $500M Loans After White House Meetings

New York's state banking regulator asked Deutsche Bank AG (DBKGn.DE) and two other lenders for information on their relationships with U.S. President Donald Trump's son-in-law and White House senior adviser Jared Kushner and his family's real estate company, a person familiar with the matter told Reuters.

Joshua Harris, a founder of Apollo Global Management, was advising Trump administration officials on infrastructure policy.

The family real estate business of Jared Kushner reportedly received millions of dollars in loans from two companies whose leaders met with him in the White House previous year.

Apollo's $184 million loan in November was aimed at refinancing the mortgage on a Chicago skyscraper, while Citigroup's $325 million amount in the spring of 2017 was directed at financing office buildings in Brooklyn, the Times said.

"Prior to our CEO voluntarily resigning to serve our country, we never had any type of inquiries", Ms. Taylor said. Reports have indicated Mueller has interest in Kushner's interaction with a Chinese company during the transition, Anbang Insurance, which was considering investing in the Kushner Cos. -owned 666 Fifth Ave. property in Manhattan. "These type of inquiries appear to be harassment exclusively for political reasons". He was among the Trump campaign members involved in a controversial July 2016 Trump Tower meeting with a Russian lawyer who emails suggested promised damaging information on Hillary Clinton. But he retains a stake in parts of the business, according to his most recent financial-disclosure form.

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.

Peter Mirijanian, a spokesperson for Lowell, said in a statement that Kushner "has met with hundreds of business people".

More news: Transgender Wrestler Mack Beggs Booed After Winning Texas Girls Title

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.

On the same day Kushner's clearance was restricted, the Washington Post reported that the United Arab Emirates, China, Israel and Mexico have targeted Kushner as a potential target for manipulation or blackmail because of his policy inexperience and sizable debt, according to current and former US officials.

If DFS finds the loans somehow violate banking law, it could fine the banks or take other corrective action with regard to their business practices, said NY attorney Daniel Alter, former general counsel at DFS.

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

Earlier this week, Kushner saw his security level downgraded after existing in purgatory since joining the White House team shortly after the presidential election in 2016.

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

Related Articles

  • California Democratic Party Declines to Endorse Sen. Dianne Feinstein's Re-Election Bid

    California Democratic Party Declines to Endorse Sen. Dianne Feinstein's Re-Election Bid

    Although she has been a politician for most of her adult life, Feinstein is also a crusader for Democratic Party causes. It should never take a primary challenge for California's leadership to stand up for California values", he said.
    Bengals, Packers, Cowboys each get four compensatory picks

    Bengals, Packers, Cowboys each get four compensatory picks

    So how did New England earn the pick? This marks the first time since 2011 that Tampa Bay has been awarded a compensatory pick. The pick is the Giants' compensation for losing defensive tackle Johnathan Hankins to the Colts in free agency last offseason.
    Republicans Are Having Second Thoughts About Abandoning TPP

    Republicans Are Having Second Thoughts About Abandoning TPP

    It is unclear how the president will respond to the letter from GOP lawmakers. The deal was bad . the way it was structured was awful .
  • Watch The Bachelor season 22, episode 9 online

    Watch The Bachelor season 22, episode 9 online

    These women were essentially polar opposites vying for Arie's heart, and the stakes were simple: one would go and one would stay. After that, there is a one-hour show called " After the Final Rose ". "Hopefully she'll be in Mexico on Bachelor in Paradise ".
    Air Force Deploys More Assets To Search For Dapchi Schoolgirls

    Air Force Deploys More Assets To Search For Dapchi Schoolgirls

    And I was made to understand this morning that the defence ministry was disputing; that they did not withdraw anyone. It said the administration caused the incident as the military was withdrawn prior to the abdudction.
    Chinese Term Limits Could Go Bye-Bye

    Chinese Term Limits Could Go Bye-Bye

    He has used crackdowns on corruption and calls for a revitalised party to become the most powerful Chinese leader in decades. Joshua Wong, a pro-democracy supporter who hails from Hong Kong , said, " the era of Emperor Xi " is on its way.
  • Trump campaign aide to plead guilty

    Trump campaign aide to plead guilty

    That uncertainty ended on Friday afternoon, when Gates stood before a judge in federal court in Washington . Russian Federation has denied meddling in the campaign and Trump has denied any collusion took place.
    Indicted Missouri governor had been rising politically

    Indicted Missouri governor had been rising politically

    Paul Curtman, R-Pacific, says there is a difference between the court of public opinion and a court of law. In a formal statement , Missouri Republican Party Executive Director Sam Cooper lashed out at St.

    Snow warnings issued as Beast from the East edges toward Yorkshire

    The Met Office's chief forecaster said: "There is a lot of uncertainty in the extent and timing of snow during Tuesday". Disruptive snow showers are also expected from next Tuesday onwards, particularly in the east and southeast.
  • Dropbox Finally Makes It Public That It's Going Public

    Dropbox Finally Makes It Public That It's Going Public

    However, these are significantly improved margins as the company lost nearly $210 million in 2016 and $326 million in 2015. Even though the track records profitability, the company faced a net loss of $111.7 million in the previous year.
    49ers were interested in Marcus Peters before he was traded to Rams

    49ers were interested in Marcus Peters before he was traded to Rams

    There's nothing concrete out there telling us exactly what Los Angeles gave up to add Peters to the mix. Peters had been with the Chiefs for three seasons, he intercepted 19 passes and forced six fumbles.
    Harsimrat Badal requests Justin Trudeau to start Amr - Toronto Air Canada flight

    Harsimrat Badal requests Justin Trudeau to start Amr - Toronto Air Canada flight

    It stated that Atwal has also been photographed in India with Indian-origin Brampton South Liberal MP Sonia Sidhu. During the meet, Trudeau reportedly assured the Punjab CM that Canada does not support any separatist movements.