White House senior adviser Jared Kushner’s family business received millions of dollars in loans from two companies after they took part in White House meetings, according to The New York Times.
The private equity firm Apollo Global Management reportedly lent $184 million to Kushner Companies last November, months after one of its co-founders, Joshua Harris, had advised the Trump administration on infrastructure. During that time, The New York Times reports, Kushner and the company executive met multiple times.
The two reportedly spoke about a potential job opportunity at the White House, but the job did not come to fruition.
Citigroup in the spring of 2017 also lent Kushner Companies money totaling $325 million. That loan was offered soon after Kushner met with Citigroup’s chief executive, according to the Times.
The funding from Apollo Global Management went toward the Kushner Company’s mortgage on a Chicago skyscraper, while the loan from Citigroup was used for the Kushner Company’s Brooklyn office buildings.
An Apollo spokesman said Harris was not involved in the decision to loan Kushner Companies money and that the loan “went through the firm’s standard approval process,”
A Citigroup spokeswoman said the firm’s relationship with Kushner Companies was not connected to Kushner’s White House role.
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Kushner family business got millions in loans from companies that attended White House meetings: report https://t.co/fz2YMLRH5V pic.twitter.com/XfYOkkCOte
— The Hill (@thehill) March 1, 2018
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