The Latest Investigation Revelation Could Spell Major Trouble For Jared Kushner - ProgressTribune.com
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The Latest Investigation Revelation Could Spell Major Trouble For Jared Kushner

A month before the 2016 election that made Donald Trump president of the United States, his son-in-law, Jared Kushner, got a $285 million loan from Deutsche Bank AG that helped fund Kushner’s real-estate company. And now that loan has federal investigators investigating the matter.

Prosecutors in the Brooklyn U.S. Attorney’s office have requested documents to Kushner Cos. and other materials related to the loan that was made while Kushner was serving as a senior campaign adviser to Donald Trump.

Both Market Watch and The Wall Street Journal report:

“In October 2016, the Kushner Cos. finalized a $285 million loan from Deutsche Bank as part of a refinancing package for the purchase of a retail space in the former New York Times building in Times Square. At the time of the transaction, Kushner was chief executive officer of Kushner Cos. and was advising the presidential campaign of his father-in-law, Donald Trump.”

Deutsche Bank has long been suspected of laundering money for Russian oligarchs and organized crime via real-estate deals in the United States and in Europe. Earlier this month, the firm was subpoenaed by Special Counsel Robert Mueller to give him the financial records of its dealings with Donald Trump. Trump reportedly owes the German financial behemoth over $2.6 billion.

A year ago, Deutsche Bank agreed to a $7.2 billion settlement with the U.S. Department of Justice to settle civil claims relating to the bank’s mortgage-bond activities in the time leading up to the global financial crisis last December.

Chris Taylor, who is a spokeswoman for Kushner Cos., said the company “has cooperated and will continue to cooperate with any reasonable request for information.”

If indeed Kushner got a loan from Deutsche Bank so close to the election, it creates new questions about possible Russian involvement in the 2016 race for the White House. And it might also open yet another front in the investigation being run by Mueller and several Congressional committees.

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