House panel investigates Jared Kushner over Saudi investment in private company

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The House Oversight and Reform Committee on Thursday announced an investigation into a Saudi government investment in a private investment firm headed by Jared Kushner, the son-in-law of former President Trump.

Rep. Carolyn Maloney (DN.Y.), chair of the House panel, said in a press release that she was investigating a $2 billion investment from the Saudi Arabian Public Investment Fund (PIF), which is controlled by the Crown Prince. Mohammed bin Salman, in the investment company of Kushner A Fin Management, LLC (Affinity).

Kushner joined Affinity in Delaware in January 2021, shortly after Trump left the White House. He secured the $2 billion Saudi investment six months later, according to the House panel.

In a letter to Kushner, Maloney said she was looking into whether Kushner had improperly used her influence as a government official to secure the investment, saying she was “concerned about your decision to solicit billions dollars to the Saudi government immediately following your significant involvement in the training”. US-Saudi relations.

“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 venture – just six months after your term in the White House ended. – create the appearance of quid pro quo for your foreign policy work under the Trump administration,” Maloney wrote.

The Hill reached out to Kushner for comment.

Maloney asks Kushner to provide the panel with documents, including his communications regarding the PIF investment and with the Crown Prince. In some cases, she asked for documents and communications dating back to January 2017, when he first took on the role of Trump’s senior adviser.

This is not the first time that the Trump administration’s ties to the Saudi government have come under scrutiny.

The former president in 2018 said the Saudis were “very nice”, adding that he made “a lot of money from them”. His administration has also approved arms sales worth hundreds of millions of dollars to Saudi Arabia amid the country’s role in Yemen’s civil war.

After the death of journalist Jamal Khashoggi in 2018, Trump downplayed the Saudi government’s role in his murder, contradicting US intelligence agencies which concluded the crown prince was behind the brutal killing at a Saudi consulate in Turkey.

Kushner reportedly maintained a close relationship with the crown prince, calling him during the Khashoggi crisis and communicating with him informally via WhatsApp. Kushner also reportedly pushed Trump to inflate the number of arms sales to Saudi Arabia.

Maloney accused Kushner in the letter of several other close relationships with the Saudi government and said he was the Crown Prince’s “most important defender” in the White House after Khashoggi’s murder.

“Your support for Saudi interests was unwavering, even as Congress and the rest of the world closely scrutinized the country’s human rights abuses in Yemen, the murder of journalist Jamal Khashoggi by Saudi assassins linked to Crown Prince Mohammed bin Salman and Saudi Arabia’s crackdown on political dissidents at home,” the president wrote.

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