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Kushner's Company Got $509M in Loans After WH Meetings

Kushner's Company Got $509M in Loans After WH Meetings”

Will senior Trump adviser Jared Kushner's efforts to broker a deal between Israelis and Palestinians be affected by the change? The pair also discussed a White House job for Harris that never materialized.

Additionally, the business received a $325 million loan from Citigroup after its CEO, Michael L. Corbat, met with Kushner. The loan was to refinance the mortgage on a Chicago skyscraper.

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. "But - oh wait - there's more, because an even larger loan came from Citigroup". This new report figures only to fuel critics.

Kushner's Israeli business ties examined amid loss of security clearance

Kushner, who lost his security clearance to White House following reports that he breached the ethics rule, found himself in the middle of another controversy after the report alleged that Kushner met with the top heads of the lending firms at the White House previous year, after which he received an exorbitant sum of loan to aid his company's business ventures.

Christine Taylor, a spokeswoman for Kushner Cos, said the company had not received a copy of any letter from the regulator.

Kushner's downgrade, and those of dozens of others staffers, are a part of an attempt to tighten access to sensitive information after it was revealed that former White House staff secretary Rob Porter held top interim clearance even though the Federal Bureau of Investigation had knowledge of domestic abuse accusations against him.

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Perhaps if Kushner weren't so politically motivated himself, he wouldn't have to worry about having his potential conflicts of interest scrutinized.

The White House referred questions to Kushner's lawyer, Abbe Lowell, who did not dispute that the meetings between Kushner and the executives took place. White House National Security Adviser H.R. McMaster has reportedly asked Kushner to explain meetings he has had with foreign officials without notifying the National Security Council. "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved", she said.

Federal prosecutors in Brooklyn issued a document request to Kushner Cos. for information about that loan in November of a year ago, the Journal reported in December. He said the loan "went through the firm's standard approval process". That loan was offered soon after Kushner met with Citigroup's chief executive, according to the Times. Kushner steers US policy in the Middle East, for example, but his family company continues to do deals with Israeli investors.

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The 37 year-old's top-secret government security clearance was recently downgraded.

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. Kushner's firm has sought investments from the Chinese insurer Anbang and from the former prime minister of Qatar. At the time, the spokeswoman for Kushner Cos. said the firm "has cooperated and will continue to cooperate with any reasonable request for information". Kushner Cos. attorneys had argued that exposing the names would lead to "politically motivated" media coverage and "unfair sensationalism".

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