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Congress launches investigation into whether Kushner used his position to land $2 billion in Saudi investment

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The House Oversight Committee is launching an investigation into whether Jared Kushner used his position in the White House to secure a $2 billion investment from a Saudi Arabian wealth fund.

Rep. Carolyn Maloney, chair of the Oversight and Reform Committee, wrote to Kushner on Thursday offering him a two-week deadline to provide documents related to the deal.

Six months after Kushner left the White House, his newly formed private equity firm Affinity Partners secured a $2 billion investment from Saudi Arabia’s sovereign wealth fund, according to a report. New York Times Report

Kushner, Donald Trump’s son-in-law and former senior White House adviser, has landed the huge deal despite being flagged for his “inexperience” and “public relations risks” by a panel of economic experts who judged the investments of Donald Trump. screening the Saudi wealth fund.

Your support for Saudi interests has been unwavering, even as Congress and the rest of the world overturned the country’s human rights violations in Yemen, the murder of journalist Jamal Khashoggi by Saudi assassins associated with Crown Prince Mohammed bin Salman, and the crackdown on Saudi Arabia against political dissidents at home,” Maloney wrote in her letter to Kushner.

Rep. Carolyn Maloney, chair of the Oversight and Reform Committee, wrote to Kushner on Thursday offering him a two-week deadline to provide documents related to the deal.

Kushner, pictured above with wife Ivanka Trump on Memorial Day, was handed a $2 billion deal for his private equity firm from a Saudi fund six months after leaving the White House.

Kushner, pictured above with wife Ivanka Trump on Memorial Day, was handed a $2 billion deal for his private equity firm from a Saudi fund six months after leaving the White House.

“This inquiry will inform the committee on whether federal ethics laws need to be tightened to prevent senior officials from abusing their position within the federal government to reap a financial windfall — before, during or after entering government service.” .’

An experienced GOP strategist said the investigation was “completely unreasonable.”

“It’s traditional for people who gain expertise in one area while in government to specialize in that area in their post-government life,” the strategist told DailyMail.com.

‘There are so many examples. I can think of Karl Rove, George Stephanopoulos, Jen Psaki, Al Gore, Timothy Geithner, Jack Lew and Anita Dunn just to name a few.”

Meanwhile, Citizens for Responsibility and Ethics in Washington (CREW) has filed a FOIA request with the Departments of State and Defense for data on Kushner’s official trips to Saudi Arabia in September 2020, November 2020 and January 2021, just before Trump takes office. left.

“If Jared Kushner has used taxpayer money to further his business dealings with Saudi Arabia, Americans should know about it,” CREW said.

During his time in the White House, Kushner was known for his close personal relationship with de facto leader of Saudi Arabia, Mohammed bin-Salman, and for helping him close a $110 billion arms deal. He was one of the most staunch defenders of the Saudi royal family within the government amid international outrage over the murder of US-based journalist and MBS critic Jamal Khashoggi.

He was also one of the main architects of the Abraham Accords, a historic peace agreement between some Arab states and Israel that supported MBS.

But when it comes to his experience running a new private equity firm, the Saudi panel reportedly found Kushner’s Affinity Fund “unsatisfactory in every way.”

The panel also expressed serious concerns about Kushner’s limited expertise and lack of domestic investors.

Despite this, the $620 billion Public Investment Fund (PIF), reportedly led by MBS, approved the $2 billion just days after business experts raised concerns at a June 30 meeting.

It is twice the amount they invested in Trump Treasury Secretary Steve Mnuchin’s company, despite Mnuchin’s extensive experience in the financial sector.

The Saudis’ PIF also reportedly gained at least 28 percent ownership of Kushner’s company in the deal.

A letter from the Times dated July of that year states that the staff of the MBS-run equity fund “is aimed at establishing a strategic relationship with the Affinity Partners Fund and its founder, Jared Kushner.”

The business deal raises ethical concerns raised in the report over whether Crown Prince Mohammed Bin Salman will repay Kushner for his White House alliance or may seek preemptive leverage if Trump returns to power in 2024 and wins. .

The business deal raises ethical concerns raised in the report over whether Crown Prince Mohammed Bin Salman will repay Kushner for his White House alliance or may seek preemptive leverage if Trump returns to power in 2024 and wins. .

As for the panel’s concerns about why he would invest so much with Kushner when he had little experience to show for it, the staff reportedly said any cuts could have “a negative or fundamental effect on the framework of the agreed strategic and commercial relationship’.

The fund’s staff also said the investment was worth the risk due to its ability to “take advantage of the capabilities of Affinity’s founders” in-depth knowledge of various government policies and geopolitical systems.

The business deal raises ethical concerns raised in the report as to whether MBS will repay Kushner for its White House alliance or possibly try to preemptively exert influence if Trump returns to power in 2024 and wins.

Affinity’s pitch deck, obtained by The Intercept, praises the political connections: “Affinity’s unique network and experience makes us a differentiated partner for companies navigating the rapidly evolving global political and economic environment.

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