Loans to Jared Kushner's family real estate company are supposedly being investigated by the White House after reporters, lawmakers, and watchdog groups started raising concerns. (Photo: Spencer Platt/Getty Images)
Mar 27, 2018
According to a March 22 letterreleasedMonday, White House ethics attorneys are investigating a pair of loans given to Kushner Companies, the family real estate company of President Donald Trump's son-in-law and senior adviser Jared Kushner, who is facing mounting scrutiny following reports about potential conflicts of interest.
\u201cWhite House attorneys are examining whether two loans totaling more than $500 million to Jared Kushner\u2019s family business may have violated any criminal laws or federal ethics regulations, according to a letter from the Office of Government Ethics https://t.co/29CpYoFijS\u201d— Citizens for Ethics (@Citizens for Ethics) 1522104391
The probe comes in response to ethics concerned raised by journalists, lawmakers, and watchdog groups, after the New York Times reported late last month that Kushner Companies received more than half a billion dollars in loans after Kushner met with two financial executives to discuss official White House business--and, a few days later, The Interceptreported that a month after the firm failed to secure an investment from the Qatari government, Kushner advised Trump to provide essential support for Saudi Arabia and the UAE's bockade of Qatar.
The letter (pdf) was written by acting director of the Office of Government Ethics David Apol and addressed to Rep. Raja Krishnamoorthi (D-Ill.), a member of the House Oversight Committee who started asking questions after the Times report about Kushner Companies receiving a $184 million loan from Apollo Global Management and a $325 million loan from Citigroup. Jared Kushner stepped down from managing the company to join his father-in-law's administration, but he remains a part owner.
Apol's letter acknowledges that even the discussion of private business during Kushner's meetings with the financial executives could be cause for concern, but "more importantly, if there was a connection between the potential loan and an official act, it could raise an issue under 18 U.S.C. SS 201 (bribery and illegal gratuities)." It also notes Krishnamoorthi's proposition that Kushner's actions could "constitute a breach of his ethical obligations to the American people."
"The White House is in a position to ascertain the relevant facts related to both possible violations and is responsible for monitoring compliance with ethics requirements...[and] initiating any appropriate disciplinary or correction action," Apol wrote. "I have discussed this matter with the White House Counsel's Office in order to ensure that they have begun the process of ascertaining the facts necessary to determine whether any law or regulation has been violated. During that discussion, the White House informed me that they had already begun this process."
Despite the letter's claim that an investigation has already begun, a spokeswoman for Kushner Companies told the Wall Street Journal that the firm had not yet received an inquiry from the White House. Kushner's attorney, meanwhile, claimed the White House counsel had already concluded the loans were not connected to his dealings on behalf of the Trump administration.
After the Journal reported on Apol's letter, Rep. Ted Lieu (D-Calif.) tweeted a common reaction:
\u201cToday is Monday. That means we all need to ask again: Why is Jared Kushner still a Senior White House Advisor? https://t.co/roOLobjKJz\u201d— Ted Lieu (@Ted Lieu) 1522106211
Join Us: News for people demanding a better world
Common Dreams is powered by optimists who believe in the power of informed and engaged citizens to ignite and enact change to make the world a better place. We're hundreds of thousands strong, but every single supporter makes the difference. Your contribution supports this bold media model—free, independent, and dedicated to reporting the facts every day. Stand with us in the fight for economic equality, social justice, human rights, and a more sustainable future. As a people-powered nonprofit news outlet, we cover the issues the corporate media never will. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
According to a March 22 letterreleasedMonday, White House ethics attorneys are investigating a pair of loans given to Kushner Companies, the family real estate company of President Donald Trump's son-in-law and senior adviser Jared Kushner, who is facing mounting scrutiny following reports about potential conflicts of interest.
\u201cWhite House attorneys are examining whether two loans totaling more than $500 million to Jared Kushner\u2019s family business may have violated any criminal laws or federal ethics regulations, according to a letter from the Office of Government Ethics https://t.co/29CpYoFijS\u201d— Citizens for Ethics (@Citizens for Ethics) 1522104391
The probe comes in response to ethics concerned raised by journalists, lawmakers, and watchdog groups, after the New York Times reported late last month that Kushner Companies received more than half a billion dollars in loans after Kushner met with two financial executives to discuss official White House business--and, a few days later, The Interceptreported that a month after the firm failed to secure an investment from the Qatari government, Kushner advised Trump to provide essential support for Saudi Arabia and the UAE's bockade of Qatar.
The letter (pdf) was written by acting director of the Office of Government Ethics David Apol and addressed to Rep. Raja Krishnamoorthi (D-Ill.), a member of the House Oversight Committee who started asking questions after the Times report about Kushner Companies receiving a $184 million loan from Apollo Global Management and a $325 million loan from Citigroup. Jared Kushner stepped down from managing the company to join his father-in-law's administration, but he remains a part owner.
Apol's letter acknowledges that even the discussion of private business during Kushner's meetings with the financial executives could be cause for concern, but "more importantly, if there was a connection between the potential loan and an official act, it could raise an issue under 18 U.S.C. SS 201 (bribery and illegal gratuities)." It also notes Krishnamoorthi's proposition that Kushner's actions could "constitute a breach of his ethical obligations to the American people."
"The White House is in a position to ascertain the relevant facts related to both possible violations and is responsible for monitoring compliance with ethics requirements...[and] initiating any appropriate disciplinary or correction action," Apol wrote. "I have discussed this matter with the White House Counsel's Office in order to ensure that they have begun the process of ascertaining the facts necessary to determine whether any law or regulation has been violated. During that discussion, the White House informed me that they had already begun this process."
Despite the letter's claim that an investigation has already begun, a spokeswoman for Kushner Companies told the Wall Street Journal that the firm had not yet received an inquiry from the White House. Kushner's attorney, meanwhile, claimed the White House counsel had already concluded the loans were not connected to his dealings on behalf of the Trump administration.
After the Journal reported on Apol's letter, Rep. Ted Lieu (D-Calif.) tweeted a common reaction:
\u201cToday is Monday. That means we all need to ask again: Why is Jared Kushner still a Senior White House Advisor? https://t.co/roOLobjKJz\u201d— Ted Lieu (@Ted Lieu) 1522106211
According to a March 22 letterreleasedMonday, White House ethics attorneys are investigating a pair of loans given to Kushner Companies, the family real estate company of President Donald Trump's son-in-law and senior adviser Jared Kushner, who is facing mounting scrutiny following reports about potential conflicts of interest.
\u201cWhite House attorneys are examining whether two loans totaling more than $500 million to Jared Kushner\u2019s family business may have violated any criminal laws or federal ethics regulations, according to a letter from the Office of Government Ethics https://t.co/29CpYoFijS\u201d— Citizens for Ethics (@Citizens for Ethics) 1522104391
The probe comes in response to ethics concerned raised by journalists, lawmakers, and watchdog groups, after the New York Times reported late last month that Kushner Companies received more than half a billion dollars in loans after Kushner met with two financial executives to discuss official White House business--and, a few days later, The Interceptreported that a month after the firm failed to secure an investment from the Qatari government, Kushner advised Trump to provide essential support for Saudi Arabia and the UAE's bockade of Qatar.
The letter (pdf) was written by acting director of the Office of Government Ethics David Apol and addressed to Rep. Raja Krishnamoorthi (D-Ill.), a member of the House Oversight Committee who started asking questions after the Times report about Kushner Companies receiving a $184 million loan from Apollo Global Management and a $325 million loan from Citigroup. Jared Kushner stepped down from managing the company to join his father-in-law's administration, but he remains a part owner.
Apol's letter acknowledges that even the discussion of private business during Kushner's meetings with the financial executives could be cause for concern, but "more importantly, if there was a connection between the potential loan and an official act, it could raise an issue under 18 U.S.C. SS 201 (bribery and illegal gratuities)." It also notes Krishnamoorthi's proposition that Kushner's actions could "constitute a breach of his ethical obligations to the American people."
"The White House is in a position to ascertain the relevant facts related to both possible violations and is responsible for monitoring compliance with ethics requirements...[and] initiating any appropriate disciplinary or correction action," Apol wrote. "I have discussed this matter with the White House Counsel's Office in order to ensure that they have begun the process of ascertaining the facts necessary to determine whether any law or regulation has been violated. During that discussion, the White House informed me that they had already begun this process."
Despite the letter's claim that an investigation has already begun, a spokeswoman for Kushner Companies told the Wall Street Journal that the firm had not yet received an inquiry from the White House. Kushner's attorney, meanwhile, claimed the White House counsel had already concluded the loans were not connected to his dealings on behalf of the Trump administration.
After the Journal reported on Apol's letter, Rep. Ted Lieu (D-Calif.) tweeted a common reaction:
\u201cToday is Monday. That means we all need to ask again: Why is Jared Kushner still a Senior White House Advisor? https://t.co/roOLobjKJz\u201d— Ted Lieu (@Ted Lieu) 1522106211
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.