Jared Kushner's security clearance downgraded

Lucy Bush
March 2, 2018

The loan was to refinance the mortgage on a Chicago skyscraper. The Kushner family's real estate firm, Kushner Cos., is struggling to find the means to pay off a debt of that dollar amount due in January 2019, thanks to its ill-advised purchase of the 666 Fifth Ave. office tower in New York City in 2007, shortly before the Great Recession.

It was one of the largest loans Kushner Cos. received a year ago.

The department, which regulates NY banks and some global banks that do business in the state, sent inquiries last week to firms that include Deutsche Bank AG and Signature Bank, these people said.

Likewise, Kushner had meetings with Citigroup's top exec Michael Corbat - to discuss financial and trade policy, several sources told The Times.

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Perhaps if Kushner weren't so politically motivated himself, he wouldn't have to worry about having his potential conflicts of interest scrutinized. There is no evidence the meetings were about Kushner's finances, the Times reported, but the meetings raise significant ethics questions.

Peter Mirijanian, a spokesman for Kushner's lawyer Abbe Lowell, said Kushner has had no role in Kushner Cos since joining the government.

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. She said Citigroup negotiated the 2017 loan with Kushner Cos' business partner, a real estate developer. "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved", she said.

Apollo Global Management lent the Kushner Cos. He said the loan "went through the firm's standard approval process". In Kushner's case, a permanent clearance wasn't coming anytime soon; according to the Washington Post, Deputy Attorney General Rod Rosenstein had warned the White House on February 9 that recent revelations in Kushner's background investigation "could be an obstacle to his clearance process".

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Jared Kushner's family real estate business secured two bog loans after a White House meeting with bank executives.

According to reports, Mueller has been looking into the financial dealings of a number of Trump family members, including Kushner. Kushner steers USA policy in the Middle East, for example, but his family company continues to do deals with Israeli investors.

More than 30 White House staffers have been downgraded from their top-secret intelligence clearances, according to a Bloomberg report on Wednesday.

These investigations all appear to be separate from that of special counsel Robert Mueller, who is investigating possible collusion between the Trump campaign and Russian Federation during the 2016 election. Kushner's firm has sought investments from the Chinese insurer Anbang and from the former prime minister of Qatar. Kushner Cos. attorneys had argued that exposing the names would lead to "politically motivated" media coverage and "unfair sensationalism".

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Other reports by Info About Network

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