Tags: Russia Probe | Trump Administration | jared kushner | real estate | firm | loan

WashPost: Kushner's Firm Received $285M Loan Just Before Election

Image: WashPost: Kushner's Firm Received $285M Loan Just Before Election
(AP)

By    |   Monday, 26 Jun 2017 09:15 AM

Jared Kushner's real estate company secured a $285 million loan a month before Election Day from Deutsche Bank, which is President Donald Trump's biggest known lender and at the time under investigation for allegedly aiding a Russian money laundering scheme, The Washington Post has reported.

Kushner was both an adviser to the Trump campaign and working at his real estate firm when his company received the loan, which was part of a refinancing package for his firm's property near Times Square in Manhattan.

Although Kushner divested some properties to address potential conflicts of interest upon joining the Trump administration, he kept an interest in nearly 90 percent of his real estate properties, including this one.

In addition, Kushner reportedly made a personal guarantee on the loan, which he did not reveal on his financial disclosure form with the Office of Government Ethics.

As special counsel Robert Mueller checks Kushner as part of the investigation into possible Russian influence in the election, his association with Deutsche Bank could be one of his business activities that comes under scrutiny, The Post reported.

Investigators also are checking Kushner's separate meetings in December with Russian Ambassador to the U.S. Sergey Kislyak, and with prominent Russian banker Sergey Gorkov.

Although Kushner and Deutsche Bank declined to comment on the story, the White House told the Post that Kushner "will recuse from any particular matter involving specific parties in which Deutsche Bank is a party."

A lawyer representing Kushner also explained that he did not have to disclose the loan because the ethics office guidelines clearly stated that "filers do not have to disclose as a liability a loan on which they have made a guarantee unless they have a present obligation to repay the loan."

House Intelligence Committee leaders have been pushing Deutsche Bank to share information about Trump's financial ties with Russia, especially since it gave him funds when other banks balked at the risk. The bank, however, has refused the request, citing privacy laws.

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Jared Kushner's real estate company secured a $285 million loan a month before Election Day from Deutsche Bank, which is President Donald Trump's biggest known lender and at the time under investigation for allegedly aiding a Russian money laundering scheme...
jared kushner, real estate, firm, loan
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2017-15-26
Monday, 26 Jun 2017 09:15 AM
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