• News
  • World

Businesses Reportedly Gave Jared Kushner's Co $500M Loans After White House Meetings

Businesses Reportedly Gave Jared Kushner's Co $500M Loans After White House Meetings

The New York State Department of Financial Services asked several banks for information about their relationships with Jared Kushner and his finances, people familiar with the information requests said. At the time, the spokeswoman for Kushner Cos. said the firm "has cooperated and will continue to cooperate with any reasonable request for information". Citigroup gave Kushner Companies a sum of $325 million - one of the largest loans availed by the company past year - to help finance a group of office buildings in Brooklyn.

However, a spokesperson for Kushner Companies denied receiving any such letter of request while describing Kushner Companies as a "multibillion enterprise that is extremely financially strong". "These type of inquiries appear to be harassment exclusively for political reasons". But he retains a stake in parts of the business, according to his most recent financial-disclosure form.

Carl Bernstein participates in "All the President's Reporters" at the 2017 New Yorker Festival, at SVA Theatre in NY, on October 6, 2017. The Kushner family and Kushner Cos. have been clients since 2010, she said. Signature said that, by law, it can not disclose regulatory or legal inquiries.

Spokesmen for Deutsche Bank and New York Community Bank also declined to comment.

At the same time, Kushner is the head of the Trump administration's effort to broker a deal between Israelis and Palestinians.

Apollo Global Management lent Kushner's family real estate business $184 million, months after Harris advised the Trump administration on its infrastructure policy.

Additionally, the business received a $325 million loan from Citigroup after its CEO, Michael L. Corbat, met with Kushner. "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved", spokeswoman Christine Taylor said.

Invitation to convicted Sikh extremist to Trudeau event in India rescinded
However, speaking out on the issue, Canadian PM Justin Trudeau on Thursday said that obviously, we take this extremely seriously. He said if Canadian politicians stop pandering to separatists and going to their events, the Khalistan movement will die quickly.

Mobile Police Officer Shot & Killed
In July 2017, Billa was interviewed by WALA-TV for a segment on the police force's relationship with community members. She believes her mother's ex-husband, Robert Hollie is the person barricaded in the home at 2052 Avondale Court.

Supreme Court Won't Hear Challenge To Calif. Gun Waiting-Period Case
The Ninth Circuit, Thomas wrote, applied the wrong standard of review in weighing the constitutionality of the waiting period. And California's waiting period applies to new gun purchases even if the owner already possesses another legal weapon.

"He has followed the ethics advice he has received for all of his work which include the separation from his business and recusals when appropriate", the spokesman added. That loan was offered soon after Kushner met with Citigroup's chief executive, according to the Times.

The couple sold off some of their assets before starting their White House jobs past year, but Kushner still has stake in hundreds of companies. She declined to comment further to Reuters.

The funding from Apollo Global Management went toward the Kushner Company's mortgage on a Chicago skyscraper, while the loan from Citigroup was used for the Kushner Company's Brooklyn office buildings.

Kushner resigned from Kushner Companies when he joined the Trump White House and put part of his stake into a trust, but he still has the majority of his interest in the company.

If the regulator finds potential criminal activity by either the borrowers or the banks, it could also refer the matter to prosecutors for further investigation, Alter said.

But Trump's daughter Ivanka and her husband, Jared Kushner, seem to have a different arrangement in mind. The private real estate company owns or partially owns buildings in NY and New Jersey.

Leave Your Comment

Leave Your Comment

Latest News

Breaking News


Delta, United join list of companies to pull back from NRA

Among them is Flordia Governor Rick Scott, who supports raising the minimum age for gun purchases from 18-years-old to 21. On Friday, Symantec , the cybersecurity company, announced via Twitter it has halted its NRA discount program.

KC Chiefs' reportedly agree to send Marcus Peters to Rams

Peters was also seen at different times on the sideline last season shouting at defensive coordinator Bob Sutton or others. Peters steps in as the Rams' primary cornerback, which might spell the end of Trumaine Johnson's tenure with the team.

Tiger Woods fires 1-under 69 in third round at Honda Classic

The only two-time victor on Tour this season shot an 8-over 78 to miss the cut at 12-over. At that point, Woods was tied for 10th place and only three strokes behind the lead.

State Department: US Embassy In Jerusalem To Open In May

The State Department continues to scope out sites and architects for the construction of a larger, permanent embassy in Jerusalem. East Jerusalem is the capital of the State of Palestine, an integral part of the territory occupied by Israel since 1967 He said.

Trump promises 'ATTACKS WOULD END' if teachers armed

Frankly, they'd feel more comfortable having the gun anyway, but you give them a little bit of a bonus. Down the bottom of the card, the fifth instruction was clearly visible, simply saying "I hear you".

Liam Payne Speaks Out Amid Split Speculation

He has confirmed it's not a priority, even saying he and Cheryl would likely have another child before walking down the aisle. Liam and Rita will perform their raunchy single For You , from the Fifty Shades Freed soundtrack, at the ceremony .

The Security Clearance Crackdown Did Not Affect Jared Kushner

Porter was eventually forced to resign after two of his ex-wives came forward with domestic abuse allegations. Despite this, Kushner has enjoyed access to the same classified information President Donald Trump receives .

Multistate Salmonella Outbreak Linked to Controversial Supplement

Evidence suggests that the source of the outbreak is possibly kratom, which is a plant that is used as a substitute to opioids. Some consumers have hailed the drug as a "natural" pain remedy, but some medical experts say it can be unsafe , even deadly.

Snapchat New Update Brings GIF stickers and Some Design Changes

Following the redesign's United States debut, more than 30 Change.org petitions were launched in a single day protesting it. The new GIF stickers update are now available via Giphy .

Japan man wins custody of 13 kids born to surrogates

Four of the six children living in Cambodia and Japan were from Thai surrogates. Police said he paid them between US$9,300 and US$12,500 each.