Kushner's business got big loans after White House meetings

Friday, 02 Mar, 2018

Deutsche Bank received a grand-jury subpoena from prosecutors for information regarding that loan around the same time, according to a person familiar with the matter.

Axios quoted a White House official as saying, "Javanka and Kelly are locked in a death match".

Maddow recounted the Times' reporting that the private equity firm Apollo Global Management gave Kushner's family business a loan after billionaire founder Joshua Harris had been visiting the White House. Reports have indicated Mueller has interest in Kushner's interaction with a Chinese company during the transition, Anbang Insurance, which was considering investing in the Kushner Cos. -owned 666 Fifth Ave. property in Manhattan.

Kushner, who has been operating under an interim security clearance for about a year, had his access to the most valued U.S. intelligence report, the President's Daily Brief, revoked in the past few weeks.

Kushner's security clearance has been in the spotlight after he failed to disclose dozens of financial holdings and contacts with foreign leaders in his security clearance forms, The Guardian reported.

Likewise, Kushner had meetings with Citigroup's top exec Michael Corbat - to discuss financial and trade policy, several sources told The Times.

Still, the Times' report is the latest in a series of worrying claims about the Trump family profiting from the presidency, which has sparked concern both inside and outside the White House.

Any possible correlations between Kushner's work in the White House and his personal finances remains an open question for federal investigators.

In a statement, Signature Bank spokeswoman Susan Lewis confirmed that the Kushner family and Kushner Cos. has been a customer with the bank since 2010.

A spokesman for Kushner's lawyer, Abbe Lowell, said Kushner "has had no role in the Kushner Companies since joining the government". The spokesperson of Apollo, Charles V. Zehren, said the loan went through the "standard approval process" and denied that Harris had any ties in the decision to lend money to Kushner Companies.

White House press secretary Sarah Huckabee Sanders declined to comment on Monday and Tuesday on the security clearance status of any administration employees.

According to sources Kushner, who has been unable to obtain a full security certificate for more than a year, has lost the privilege to be present in secret information sessions for weeks now.

The file containing the President's Daily Information or briefings, is distributed to only a small group of senior officials.

But his security clearance was recently downgraded by chief of staff John Kelly.

Some believed Kushner knew his business dealings would likely come up in the conversations and was too naive or inexperienced to know how to steer clear of the topic in light of his position as Trump's adviser, the official said. Visit MarketWatch.com for more information on this news.

The regulator, which oversees the safety of NY banks, has asked whether there are any personal guarantees by Jared Kushner on the financing arrangements, to understand the banks' risk if there is a default and the Kushners are unable to pay.