WH Investigates Massive Loan to Jared Kushner’s Family Firm

Local Editor

On Monday a letter from the US Office of Government Ethics dated March 22 revealed that Washington is investigating two loans totaling more than $500 million to the family real estate business of President Trump's son in law and senior adviser, Jared Kushner.

Acting director and general counsel of the Office of Government Ethics, David Apol said "I have discussed this matter with the White House Counsel's Office in order to ensure that they have begun the process of ascertaining the facts necessary to determine whether any law or regulation has been violated."

"During that discussion, the White House informed me that they had already begun this process," Apol added in the letter.

The letter was a response to Democratic Representative Raja Krishnamoorthi's, who followed up on a New York Times report in February that Citigroup lent Kushner Cos and one of its partners $325 million in the spring of 2017. The loan was given shortly after Citigroup's chief executive, Michael Corbat, met with Kushner in the White House.

The report also stated that the private equity firm Apollo Global Management lent Kushner's family business $184 million after its founder, Joshua Harris had advised the Trump administration on infrastructure policy and met with Kushner several times.

Democratic Representative Raja Krishnamoorthi's then asked the US Office of Government Ethics whether Kushner's actions "constitute a breach of his ethical obligations to the American people," should the New York Times report prove to be true.

Jared Kushner resigned from Kushner Cos last year and sold his stakes in the family real estate firm.

Source: News Agencies, Edited by website team