Kushner business secured loans from bank bigs after White House meetings

Anita Tucker
March 2, 2018

Jared Kushner, President Trump's son-in-law and senior adviser, got two large loans for his family real estate business previous year after executives began visiting the White House, according to a Wednesday report.

Apollo spokesman Charles Zehren told the paper Harris was not involved in the decision to loan money to Kushner Cos.

Kushner met with Apollo founder Joshua Harris in the White House multiple times past year and even discussed the possibility of a White House job for Harris, sources told the newspaper.

Kushner also reportedly met with Citigroup's chief executive, Michael L. Corbat, at the White House. Kushner has had to amend his security clearance questionnaire several times during the past year to include meetings with foreign nationals.

A spokesman for Kushner's lawyer told the Times that he "has taken no part of any business, loans or projects with or for" Kushner Companies since joining the White House.

The New York State Department of Financial Services (DFS) made the requests to Deutsche Bank, Signature Bank and New York Community Bank for information on loans and other financial arrangements including lines of credit and loan guarantees a week ago, the person said.

But Kushner Companies' spokeswoman said they'd received no letter from the state and called the inquiries "harassment exclusively for political reasons".

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The job never materialized, but in November, Apollo lent $184 million to Mr. Kushner's family real estate firm, Kushner Companies. She described Kushner Cos as a "multibillion enterprise that is extremely financially strong".

Abbe Lowell, Kushner's attorney, said in a statement that the delay is not uncommon. In Ivanka's case, it's mostly just a matter of fairness, but recent reports indicate Kushner's dilettante diplomacy could be putting US national security at risk.

Perhaps if Kushner weren't so politically motivated himself, he wouldn't have to worry about having his potential conflicts of interest scrutinized. In Kushner's case, a permanent clearance wasn't coming anytime soon; according to the Washington Post, Deputy Attorney General Rod Rosenstein had warned the White House on February 9 that recent revelations in Kushner's background investigation "could be an obstacle to his clearance process".

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. "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved", she said.

Among the many political norms shattered by President Donald Trump's administration is the widely agreed-upon range of acceptable roles for the first family.

Kushner resigned as CEO of the real estate business in early January 2017, but he still retained some of his interest in the company.

Kushner reportedly received a $325 million loan from Citigroup.

. 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.

Other reports by My Hot News

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