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

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

On Wednesday, New York Times reported that private equity firm Apollo Global Management and Citigroup extended loans that amounted to more than half a billion dollars to a company owned by the family of President Donald Trump's son-in-law Jared Kushner.

Kushner met with Apollo founder Joshua Harris in the White House multiple times previous year and even discussed the possibility of a White House job for Harris, sources told the newspaper. The Apollo loan was triple the size of the average Apollo property loan, the Times says. The form also shows that Mr. Kushner has a line of credit with Deutsche Bank worth between $5 million and $25 million.

That loan was made in the spring of 2017, shortly after Kushner met in the White House with Citigroup's chief executive, Michael L. Corbat, according to people briefed on the meeting.

"Prior to our CEO voluntarily resigning to serve our country, we never had any type of inquiries", Taylor said in an email.

Kushner Companies has said in a statement that Jared Kushner's White House role had no impact on the company's financial relationships. "These types of inquiries appear to be harassment exclusively for political reasons".

Mirijanian, the spokesperson for Kushner's lawyer, said Mueller had not sought from the Kushner Cos. or Kushner "any information or document concerning any business dealing either has had".

It said Joshua Harris, a founder of Apollo, was advising Trump administration officials on infrastructure policy and held several meetings with Kushner.

Deutsche Bank received a grand-jury subpoena from prosecutors for information regarding that loan around the same time, according to a person familiar with the matter.

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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.

His clearance was reduced to the level of secret and his official portfolio inside the West Wing, especially with regard to his globe-trotting foreign affairs work on behalf of Mr Trump, is expected to be sharply reduced as well, the sources said.

News of federal inquiries concerning Kushner Cos. has emerged in recent months, including by prosecutors at the USA attorney's office in Brooklyn and by the Securities and Exchange Commission, The Wall Street Journal has reported.

A spokeswoman for Kushner Companies told The Times there was no connection between his White House meetings and the family business loans.

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.

In recent days, it has emerged that Kushner's White House security clearance has been downgraded.

Often seen by Mr Trump's side during key moments of global diplomacy and presidential announcements during much of 2017, Mr Kushner accompanied Mr Trump on trips to Asia, the Middle East and Europe, meeting with officials in each place.

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