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The White house is examining whether two loans, worth over $500 million to Jared Kushner in a family business, have violated Federal ethics rules or criminal laws, The Wall Street Journal reported.
White house lawyers to check whether a $184 million loan from the real estate arm of Apollo Global Management LLC, and a $325 million loan from Citigroup Inc. have could be against the rules and laws relating to the conduct of Federal employees, said in a letter to a Federal ethics Agency to a Democratic legislator.
The two loans were given to the Kushner Cos., a real-state company founded and run by the family Kushner. Kushner, President of Donald Trump’s son-in-law and a White house senior adviser, allegedly met with top executives of the two companies, before the release of any credit.
“I have discussed this matter with the White House Counsel’s Office to ensure that you have started to identify the process of establishing the necessary facts, whether a law or regulation has been violated,” David Apol, the Deputy Director of the Office of Government Ethics, wrote in the letter published on Monday. “In this discussion, the White house told me that you had already started this process.”
The letter was addressed to Rep. Raja Krishnamoorthi, a Democrat from Illinois, and a member of the House Oversight Committee. The legislator asked, earlier this month, the Office of Government Ethics meeting, for an opinion on the possible ethical questions around Kushner with the executives, while the loans reported to his family business, the trade magazine.
The loans, the “serious ethical questions that need to be investigated,” Krishnamoorthi wrote in the letter to the ethics Agency. “The above actions of Mr. Kushner a violation of his ethical obligations to the American people?”, he asked.
“The above actions of Mr. Kushner a violation of his ethical obligations to the American people?”
– Illinois, Democratic Rep. Raja Krishnamoorthi
Citigroup said last week that the loan was “entirely appropriate” and the transaction was already meeting in the works in 2016, before Kushner with Citigroup CEO Michael Corbat in a year in 2017.
“Nothing was said, discussed in connection with the [Brooklyn] loan, or other personal business with Mr. Kushner, or the Kushner companies, at this meeting,” the Citigroup. “The family Kushner was a customer of Citi for decades,” it added.
A lawyer for the Apollo also refused it, unless the loan after its Executive Board met with Kushner, according to a letter to members of Congress this month, the journal reported.
“Josh Harris and Jared Kushner never all of the loans in connection with the Kushner companies,” the letter said. The loan is “negotiated, on behalf of ARI from one of the Apollo investment professional with a history of doing business with Kushner companies, which is older than his time at the Apollo.”
Kushner, the family was before the election in 2016, but after trump took office, he sold most of his assets to others. He still retains a stake in some companies, the properties, including those that received the loan is subject to a probe.
Lukas Mikelionis is a reporter for FoxNews.com. Follow him on Twitter @Lukas mikelionis.