Jared Kushner’s Business Got Loans From Companies That Had White House Meetings With Kushner
The family business owned by Jared Kushner, President Donald Trump’s son-in-law and senior adviser, got massive loans after Kushner had White House meetings with Joshua Harris, a founder of Apollo Global Management, and Michael Gobet, CEO of Citigroup.
Three people — familiar with Kushner’s 2017 meetings — told The New York Times that Kushner and Harris discussed a possible White House job for Harris.
The White House job never happened, but in November 2017, Apollo Global Management reportedly loaned $184 million to Kushner’s family real estate firm, Kushner Companies.
The $184-million loan refinanced the mortgage on a Chicago skyscraper owned Kushner Companies, notes The New York Times.
Kushner also met with Citigroup’s chief executive, Michael L. Corbat in the spring of 2017, and thereafter Kushner Companies and one of its partners received a $325 million loan from Citigroup to help finance office buildings in Brooklyn, reports the newspaper.
Don Fox, the former acting director of the Office of Government Ethics during the Obama administration, told The New York Times:
This is exactly why senior government officials, for as long back as I have any experience, don’t maintain any active outside business interests. The appearance of conflicts of interest is simply too great.
Kushner’s lawyer, Apollo, Citicorp and Kushner Companies all denied that Kushner was involved in the loans.