Mr Jared Kushner, United States President Donald Trump's son-in-law and senior adviser, has been stripped of his top-secret security clearance after months of delays in completing his background check, a White House official and another person familiar with the situation said on Tuesday. $184 million in November, months after Kushner met with Apollo founder Joshua Harris and discussed a possible job in the White House for him, the Times reported.
The New York Times reported on Wednesday that the private equity firm Apollo Global Management and Citigroup Inc (C.N) extended loans totaling more than half a billion dollars to Kushner Cos previous year after their officials held separate meetings with Kushner.
The Washington Post reported on Tuesday that USA officials had intercepted conversations among officials from at least four foreign governments - China, the United Arab Emirates (UAE), Mexico and Israel - about using business opportunities to seek leverage over Mr Kushner.
The New York State Department of Financial Services (DFS) made the requests to Deutsche Bank, Signature Bank and New York Community Bank for information on loans and other financial arrangements including lines of credit and loan guarantees a week ago, the person said.
Kushner reportedly received a $325 million loan from Citigroup..
Christine Taylor, a spokesperson for Kushner Cos., said Kushner's White House role had not affected the company's relationships with financial institutions. That loan was offered soon after Kushner met with Citigroup's chief executive, according to the Times.
The spokesman said Kushner's met with hundreds of business people since joining the White House but has not participated in any projects related to his family enterprise and follows good government policies and procedures, The Times said.
A spokesman for Kushner's lawyer, Peter Mirijanian, did not respond to multiple attempts to reach him as of press time. She said Citigroup negotiated the 2017 loan with Kushner Cos' business partner, a real estate developer. His real estate holdings and other investments are worth as much as $761 million, according to government ethics filings.
This blurring of lines is a potential liability for Kushner, who recently lost his top-secret security clearance amid worries from some USA officials that foreign governments might try to gain influence with the White House by doing business with Kushner.
The couple sold off some of their assets before starting their White House jobs previous year, but Kushner still has stake in hundreds of companies.
Kushner's contacts with foreign officials are now under investigation by US special counsel Robert Mueller, who has been probing Russia's interference in the last presidential election since May 2017.
News of federal inquiries concerning Kushner Cos. has emerged in recent months, including by prosecutors at the USA attorney's office in Brooklyn and by the Securities and Exchange Commission, The Wall Street Journal has reported. According to reports, Mueller has been looking into the financial dealings of a number of Trump family members, including Kushner.