Jared Kushner, who has worked closely with Arab states on behalf of the US government and his father-in-law, then-President Donald Trump, is looking to the Persian Gulf to raise money for his new investment company — a move that has ethical watchdogs on edge.
The New York Times reports that Kushner, the former CEO of Kushner Properties and husband of Trump’s daughter, Ivanka, has sought investments from sovereign wealth funds such as those in Saudi Arabia, the United Arab Emirates and Qatar to support his Miami-based investment company. finance. , Affinity Partners, which he founded after Trump lost his reelection bid.
The investigations have raised ethical questions as Kushner seeks the help of foreign officials he had dealt with less than a year ago as a U.S. government employee — plus Trump hints that he will run for office again. presidency in 2024.
“When former White House officials begin to cash in on their time with our administration by associating with monarchs, the stomach turns a little. Is it illegal? No,” Nick Penniman, the head of Issue One, a Washington-based good governance organization, told the Times. “Is it swampy and seemingly hypocritical? Yes.”
The Times reports that Kushner was shot by Qatar and the UAE, but had better luck with the Saudis, who have a $450 billion public investment fund that could add a significant chunk of his coffers.
Before working for former President Trump, Kushner ran his family’s real estate business, where in 2007, just before the recession hit, he bought Manhattan’s famed 666 Fifth Avenue for $1.8 billion. He was also the owner and publisher of the New York Observer for 10 years.
As a White House aide, Kushner worked on deals known as the Abraham Accords that sought to establish diplomatic relations with Israel and Arab states.
Kushner isn’t the only Trump official turning to countries in the Persian Gulf for funding. Former Treasury Secretary Steven Mnuchin has secured investment from the Qataris, the Emirates and the Saudis, the Times reports.
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