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Kushner's business got big loans after White House meetings


White House senior adviser Jared KushnerJared Corey KushnerKushner resisting giving up top access amid scrutiny over security clearances: report Kelly says he has "full confidence" in Kushner on foreign policy White House: Security clearance review won't affect Kushner MORE'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.

Federal prosecutors in Brooklyn issued a document request to Kushner Cos. for information about that loan in November of a year ago, the Journal reported in December.

Kushner met with Apollo founder Joshua Harris in the White House multiple times previous year and even discussed the possibility of a White House job for Harris, sources told the newspaper.

The $325 million from Citigroup was one of the largest loans Kushner Companies received past year. During that time, The New York Times reports, Kushner and the company executive met multiple times.

The decision to revisit Kushner's - and other White House staff - security clearance comes after major discrepancies were discovered in the aftermath of Staff Secretary Rob Porter's resignation.

And on Wednesday, Wednesday, Bloomberg reported that the New York Department of Financial Services petitioned Deutsche Bank and other lenders for information about Kushner, his family and their eponymous company.

Kushner, 37, secured a $184 million loan from Apollo Global Management in November - a few months after Apollo's founder began to pay regular visits to the White House and met with Kushner, The New York Times reported.




Ethics experts have long frowned on the idea of senior administration officials with active corporate activities because of potential conflicts of interests. Two government officials confirmed Kushner's re-classification, but would not comment in detail. She described Kushner Cos as a "multibillion enterprise that is extremely financially strong".

Peter Mirijanian, a spokesperson for Lowell, said in a statement that Kushner "has met with hundreds of business people".

Taylor, of Kushner Cos, told the Times "stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved". In Kushner's case, a permanent clearance wasn't coming anytime soon; according to the Washington Post, Deputy Attorney General Rod Rosenstein had warned the White House on February 9 that recent revelations in Kushner's background investigation "could be an obstacle to his clearance process".

Kushner resigned as chief executive of Kushner Cos. when he joined the White House last January, and he sold a small portion of his stake in the company to a trust controlled by his mother.

The letter from the DFS is seeking information-as well as communications and documents-surrounding the financial agreements between Kushner, his business dealings and the three banks, according to the source.

Trump could simply grant a waiver for Kushner to receive a high-level security clearance despite the unresolved background investigation.

Towards the end of the New York Times article, there's more about Harris' dealings with Kushner and the Trump White House.

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