REPORT: Dems demand information on Kushner Wall Street loans

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Published by TheHill.com
Top Democrats are pushing for answers on $500 million in loans granted to the Kushner Companies last year by a pair of Wall Street firms after reps for the two firms took place in White House meetings.

ABC News reports that several lawmakers including Massachusetts Sen. Elizabeth Warren (D), Sen. Tom Carper (D-Del.), Sen. Gary Peters (D-MI), and Rep. Elijah Cummings (D-MD) sent a pair of letters Friday to Citigroup and Apollo Global Management (AGM) demanding information about the loans.

It is important to note that the article goes on to state the following:

The letters accuse Citigroup and AGM of not providing adequate information following an earlier request made March for information and documents related to all meetings between the firms and Kushner Companies employees.

Democrats are demanding information regarding the following loans:

AGM 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. Citigroup, meanwhile, lent Kushner Companies a total of $325 million shortly after the firm’s chief executive met Kushner in Washington.

ABC News reported:

On Friday, the Democrats, who cannot issue subpoenas to enforce their requests, said they have been unable to “conduct a complete evaluation of whether Mr. Kushner may have violated conflict of interest rules or ethics guidelines” based on the initial responses from the attorneys representing both firms.

 

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