Jared Kushner-owned company received $90 million from secret foreign sources: report

Jared Kushner-owned company received $90 million from secret foreign sources: report
Jared Kushner/Twitter
Jared Kushner/Twitter

A real estate company partially owned by Jared Kushner has received $90 million from anonymous foreign sources since he started working in the White House.

Most of the money flowed into Cadre, a company Kushner still holds a reported $50 million stake in, through a vehicle run by Goldman Sachs in the Cayman Islands tax haven, reported The Guardian.

President Donald Trump’s son-in-law and senior adviser kept his stake in Cadre after joining the administration, and that secret foreign funding could create additional conflicts of interest in his government work.

“It will cause people to wonder whether he is being improperly influenced,” said Jessica Tillipman, who teaches government ethics and anti-corruption law at George Washington University law school.

Kushner resigned from Cadre’s board and reduced his ownership stake to less than 25 percent after joining the White House, according to his attorneys.

However, he failed to list Cadre on his first ethics disclosure, in what he called an inadvertent oversight, and is not actively involved in the company’s operations.

Sources told the newspaper that the most of the money came to the Cayman Islands vehicle from another offshore tax haven, and some of the cash allegedly came from Saudi Arabia.

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by fontsempire.com.