The White House is reportedly investigating if Jared Kushner broke any laws or regulations when he took White House meetings with companies that then gave his family loans.
Back in February, the New York Times reported on two loans, including this one from Apollo Global Management.
Early last year, a private equity billionaire started paying regular visits to the White House.
Joshua Harris, a founder of Apollo Global Management, was advising Trump administration officials on infrastructure policy. During that period, he met on multiple occasions with Jared Kushner, President Trump’s son-in-law and senior adviser, said three people familiar with the meetings. Among other things, the two men discussed a possible White House job for Mr. Harris.
The job never materialized, but in November, Apollo lent $184 million to Mr. Kushner’s family real estate firm, Kushner Companies. The loan was to refinance the mortgage on a Chicago skyscraper.
Now the Office of Government Ethics has said in a letter that the White House is indeed investigating the loans.
“I have discussed this matter with the White House Counsel’s Office in order to ensure that they have begun the process of ascertaining the facts necessary to determine whether any law or regulation has been violated and whether any additional procedures are necessary to avoid violations in the future,” Apol wrote in the letter to Rep. Raja Krishnamoorthi. “During that discussion, the White House informed me that they had already begun this process.”
Read the letter below: