Banks asked for Kushner info

Oscar Cross
March 2, 2018

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 past year, the New York Times reported late Wednesday.

It was one of the largest loans Kushner Cos. received a year ago. 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. Citigroup also lent Kushner Cos.

The report comes one day after Kushner's White House security clearance was downgraded, cutting off his access to top secret intelligence.

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. At the time, the spokeswoman for Kushner Cos. said the firm "has cooperated and will continue to cooperate with any reasonable request for information". The Kushner family's real estate firm, Kushner Cos., is struggling to find the means to pay off a debt of that dollar amount due in January 2019, thanks to its ill-advised purchase of the 666 Fifth Ave. office tower in New York City in 2007, shortly before the Great Recession.

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

"This is exactly why senior government officials, for as long back as I have any experience, don't maintain any active outside business interests", said Don Fox, the former acting director of the Office of Government Ethics during the Obama administration and, before that, a lawyer for the Air Force and Navy during Republican and Democratic administrations.

The letter from the DFS is seeking information-as well as communications and documents-surrounding the financial agreements between Kushner, his business dealings and the three banks, according to the source.

Two sources, who could not speak on the record because the status of security clearances is classified, confirmed U.S. media reports that the 37-year-old White House aide will no longer be able to access America's most closely guarded secrets. "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved", spokeswoman Christine Taylor said.

Jared Kushner's family real estate business secured two bog loans after a White House meeting with bank executives.

It was after a White House meeting with Citigroup big Michael Corbat that Kushner got the $325 million loan.


Kushner loses access to President's Daily Brief as White House imposes stricter control over who has access to secrets.

Public filings show Kushner still owns part of the company that received the Apollo loan.

Kushner's company, which he left to take his position in the White House previous 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.

"Our company is a multibillion enterprise that is extremely financially strong".

Other reports by

Discuss This Article