The New York Times published a report Sunday stating that the Kushner Companies received a $30 million investment from one of Israel’s largest financial institutions, just prior to President Trump’s visit to Israel last May.
President Trump’s son-in-law, Jared Kushner, resigned from his role as a chief executive of his family’s business when he joined the White House staff last January, but he is still a beneficiary of several trusts that own stakes in the family’s properties and investments.
From the New York Times:
Last May, Jared Kushner accompanied President Trump, his father-in-law, on the pair’s first diplomatic trip to Israel, part of Mr. Kushner’s White House assignment to achieve peace in the Middle East.
Shortly before, his family real estate company received a roughly $30 million investment from Menora Mivtachim, an insurer that is one of Israel’s largest financial institutions, according to a Menora executive.
The deal, which was not made public, pumped significant new equity into 10 Maryland apartment complexes controlled by Mr. Kushner’s firm. While Mr. Kushner has sold parts of his business since taking a White House job last year, he still has stakes in most of the family empire — including the apartment buildings in and around Baltimore.
The Menora transaction is the latest financial arrangement that has surfaced between Mr. Kushner’s family business and Israeli partners, including one of the country’s wealthiest families and a large Israeli bank that is the subject of a United States criminal investigation.
The business dealings don’t appear to violate federal ethics laws, which only require Mr. Kushner to recuse himself from narrow government decisions that would have a “direct and predictable effect” on his financial interests. And no evidence has emerged that Mr. Kushner was personally involved in brokering the deal.