Jared Kushner Company Investigated by Chamber Panel for Saudi Investment

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A House committee has launched an investigation into former Trump White House adviser Jared Kushner and a $2 billion investment in his private equity firm from a Trump-controlled wealth fund. Crown Prince of Saudi Arabia.

Why is this important: House Oversight and Reform Committee Chair Carolyn Maloney (DN.Y.) wrote to Kushner Thursday, saying the panel was investigating “whether your personal financial interests have improperly influenced U.S. foreign policy under the administration of your father-in-law, former President Trump.” Kushner denies any wrongdoing.

  • “The Committee is concerned about your decision to seek billions of dollars from the Saudi government immediately following your significant involvement in shaping the US-Saudi relationship,” Maloney said.

Driving the news: The investigation focuses on Kushner’s role in raising funds for his company, Affinity Partners, which he created after leaving office, from the Saudi Public Investment Fund (PIF), controlled by Crown Prince Mohammed bin Salman.

  • “Your close relationship with Crown Prince bin Salman, your pro-Saudi stances under the Trump administration, and the PIF’s decision to fund the lion’s share of your new business venture – only six months after your term in the House ended. White – create the appearance of quid pro quo for your foreign policy work under the Trump administration,” Maloney said.

What they say : A spokesperson for Kushner said in a statement to The New York Times that while “concluding six Middle East peace agreements, Mr. Kushner fully adhered to all legal and ethical guidelines during and after his government service.”

  • “He is proud to be among the many private sector players advancing connectivity between Americans, Israelis and Arabs to encourage continued regional progress,” the statement added.

What to watch: Maloney gave Kushner until June 16 to respond to the allegations and provide the panel with documents dating back to January 2017, when he became a senior White House adviser.

  • Representatives for Kushner and PIF did not immediately respond to Axios’ request for comment.

Read the letter in full, via DocumentCloud:


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