US probe looking at Kushner foreign business contacts: report

Image
AFP Washington
Last Updated : Feb 20 2018 | 7:00 AM IST
Special counsel Robert Mueller is probing Jared Kushner's efforts to get foreign investors beyond Russia to provide financing for his company during the presidential transition, including in China, CNN reported today.
The probe was previously only said to have focused on the Russia contacts of President Donald Trumps senior adviser and son in law, only with the campaigns data analytics and Kushner's ties with disgraced ex-national security adviser Michael Flynn.
Mueller's team is probing Kushner's conversations during the presidential transition to get financing for the Kushner Companies-backed 666 Fifth Avenue office building in New York after financial setbacks, CNN said, citing people familiar with the investigation.
Kushner's father founded the real estate developer and lender.
CNN said Mueller's investigators have yet to contact Kushner Companies or request interviews with its executives, and the reasons behind the focus on the outreach to foreign investors are unclear.
Kushner played a leading role in the presidential transition teams contacts with foreign governments, and has indicated he spoke during that time with more than 50 contacts from over 15 countries.
One week after Trumps November 8, 2016 election, Kushner met with the chairman and other executives from the Chinese group Anbang Insurance, The New York Times has reported.
Kushner and Anbang chairman Wu Xiaohui were close to finishing a deal for the Chinese conglomerate to invest in 666 Fifth Avenue.
But the talks broke down, the Times said.
Other business dealings targeted by Mueller include negotiations on the same property with Qatar's former prime minister Hamad bin Jassim Al Thani, according to The Intercept. But that deal also failed.
Kushner purchased the building in 2007 for USD 1.8 billion in a mostly debt deal, but the housing crisis triggered financial setbacks for 666 Fifth Avenue, leading Vornado Realty Trust to take a 49.5 per cent stake in 2011.
"In all of Mr Kushner's extensive cooperation with all inquiries, there has not been a single question asked nor document sought on the 666 building or Kushner Co. deals," Kushner attorney Abbe Lowell told CNN.
"Nor would there be any reason to question these regular business transactions."
Kushner also met Sergey Gorkov, chairman of Russian state-run Vnesheconombank, during the transition, but he testified in Congress that the meeting was only for official government purposes.
However, the bank has said the talks were part of a series of business meetings. And The Washington Post has reported that Mueller is probing that meeting as well.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 20 2018 | 7:00 AM IST

Next Story