Iowa Republican Sen. Chuck Grassley, chairman of the Judiciary Committee, wants to know more about “potentially fraudulent statements and misrepresentations” a Chinese company might have made when it advertised investments in property partly managed by Jared Kushner’s family’s company.
Grassley sent a letter dated last Thursday to the Department of Homeland Security and the Securities and Exchange Commission. He requested that an investigation be launched into claims made by Chinese firm Qiaowai when marketing the One Journal Square project in Jersey City, N.J. to potential Chinese investors.
“Given all of these concerns, a closer look at Qiaowai Group and the U.S. Immigration Fund are clearly warranted, as reports suggest both companies have long employed questionable practices,” Grassley wrote.
Qiaowai and Kushner Companies used the EB-5 Immigrant Investor Visa Program, which offers visas in exchange for a $500,000 investment in a U.S. business, to entice Chinese investors to participate in a luxury apartment building project. Qiaowai also reportedly boasted about its connections to President Trump via Kushner and promised clients that their visas would surely be approved as a result.
Jared Kushner’s sister Nicole Meyer reportedly used her brother’s role in the Trump administration to get the attention of investors.
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