Jared Kushner’s family secured half a billion in loans after key White House meetings
Closure of a week during which that of Jared Kushner the security clearance has been downgraded, its public relations guru resigned, state regulators began investigate his personal finances and The Washington Post reported that officials from at least four countries have discussed ways to take advantage of his massive financial debts and political inexperience, The New York Times dropped another bomb on the west wing princelet. Late Wednesday, just hours after learning that the New York State Department of Financial Services had requested information from a trio of banks “about their relationship with Kushner,” according to the Gazette. revealed that the Kushner family business had received a pair of nine-figure loans shortly after the first-in-law met with lender executives at the White House.
The first loan is said to have come from private equity giant Apollo Global Management. After co-founder Joshua Harris met Kushner on “several occasions”, apparently to advise the administration on infrastructure, Kushner Cos. in which Jared retains a financial stake). The second loan, a good amount of $ 325 million, apparently came from Citigroup shortly after Kushner met with the CEO of the company, Michel Corbat. This loan was intended to help finance a bunch of office buildings in Brooklyn, in which Kushner coincidentally also has a financial stake. And while we would never have thought of calling into question the ethics of the first-in-law, or the motivations of the companies that originate the loans, the Times Remarks:
During this time . . .
Charles Quint Zehren, an Apollo spokesperson said Harris was not involved in the decision to loan Kushner’s family $ 184 million and that the loan “went through the company’s standard approval process.” . Danielle Romero-Apsilos, a Citigroup spokesperson noted that Kushner Cos. had been a customer of the bank since before the election and nothing changed once Kushner got his new job. Peter Mirijanian, a spokesperson for Father Lowell, Kushner’s attorney said in a statement that Kushner “has met hundreds of businessmen” and “has not taken part in any business, loans or projects with or for” the Kushner companies since. his entry into the White House. Christine Taylor, a spokeswoman for Kushner Cos., was even more adamant that there was nothing to be seen here, saying that Kushner’s work in the West Wing had had no effect on the business relationship of the business with financial institutions.
Yet for some strange reason, ethics experts are not completely convinced. “This is exactly why senior government officials, for as long as I have experience, have not maintained any active external trade interests.” Don Renard, the former acting director of the Office of Government Ethics, told the Times. “The appearance of conflicts of interest is just too important. Why does Jared have to take the meeting? Isn’t there someone else who doesn’t have these financial problems and can think freely with these people? To be fair, judging by the that of the White House Track save, the answer may very well be “no”.