US lawmakers will launch a probe into Saudi Arabia’s $2 billion investment in Jared Kushner’s firm.
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“Today, Rep. Carolyn B. Maloney, Chairwoman of the Committee on Oversight and Reform, sent a letter to Jared Kushner, son-in-law of former President Trump and former senior White House adviser, requesting documents on a major investment in his firm, A Fin Management, LLC (Affinity) by the Saudi Government,” the press release said on Thursday.
According to the statement, the committee is attempting to determine whether Kushner’s personal financial interests influenced US foreign policy in the Middle East while Trump was in office, and has sent him a letter to that effect.
“The Committee on Oversight and Reform is investigating whether you have improperly traded on your government position to obtain billions of dollars from the Saudi government and whether your personal financial interests improperly influenced US foreign policy during the administration of your father-in-law, former President Trump,” the letter said.
Maloney requests that Kushner and Affinity submit a variety of information, including personal communications and records, by June 16th.
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Six months after Trump stepped down as president of the United States in January 2021, Kushner allegedly secured a $2 billion investment from the Saudi Public Investment Fund.
According to the press release, the major investment is estimated to net Kushner around $25 million in annual asset management fees.
Kushner was interviewed for more than six hours by a US House committee investigating the January 6 Capitol riot in April.