Published: Fri, March 02, 2018
World Media | By Shelia Harmon

DFS Requests Information on Deutsche, Other Banks' Dealings With Jared Kushner

DFS Requests Information on Deutsche, Other Banks' Dealings With Jared Kushner

Kushner's family real-estate business, Kushner Companies, received hefty loans from Citigroup and private equity group Apollo Global Management a year ago, the New York Times reported on Wednesday.

Harris was tapped to advise Trump officials on infrastructure - but also had several sitdowns with Kushner where the two men talked about a possible White House job for Harris, The Times reported.

The size of the loan by Apollo, one of the world's largest private equity companies, to refinance a Kushner mortgage on a Chicago skyscraper was three times the size of an average property loan made by the firm's real estate lending arm.

The inquiries, which are expansive and comprehensive, seek information about Mr. Kushner's individual finances and those related to his family's real-estate company, Kushner Cos., these people said. $325 million last spring after CEO Michael Corbat met with Kushner in the White House, reportedly to discuss financial and trade policy.

DFS Superintendent Maria Vullo, an appointee of New York Gov. Andrew Cuomo, has asked for the banks to reply to her request by Monday, March 5, said the person familiar with the letters. In 2012, the Kushners and Steinmetz joined forces to buy almost $200 million of apartment buildings in the NY metropolitan area. Citigroup gave Kushner Companies a sum of $325 million - one of the largest loans availed by the company previous year - to help finance a group of office buildings in Brooklyn.

President Donald Trump's son in law, Jared Kushner, loses the access to the most sensitive and secret information of America, which are provided daily to the president during the so-called "Daily Info of the President".

Much of the outcry about Harris' relationship with Kushner has to do with conflict of interest (read the article for greater detail about the problems with Kushner and Harris' relationship while Kushner is a prominent White House official).

The New York regulator declined comment, as did Deutsche Bank.

It also stated that information regarding the family members was also requested. "These type of inquiries appear to be harassment exclusively for political reasons". "Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved", spokeswoman Christine Taylor said.

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

Officials from the United Arab Emirates, China, Israel and Mexico have privately discussed how to use Kushner's lack of foreign policy experience and business interests to their advantage, The Washington Post reported Tuesday.

News of federal inquiries concerning Kushner Cos. has emerged in recent months, including by prosecutors at the US attorney's office in Brooklyn and by the Securities and Exchange Commission, The Wall Street Journal has reported.

The narrative surrounding Kushner's business and political affairs have kept the attention of special counsel Robert Mueller, who is conducting a broad inquiry into whether Russian Federation and people in Trump's orbit cooperated in efforts to interfere in the 2016 USA election.

Kushner's troubled financial portfolio is seen by some within the USA government as a liability, potentially making him vulnerable to other countries that might seek to take advantage.

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