The Senate Finance Committee has launched an investigation into Jared Kushner's overseas business activities.
Sen. Ron Wyden (D-OR), who chairs the committee, asked Kushner's firm Affinity Partners for details about a $2 billion investment from the Saudi Arabian government’s Public Investment Fund in 2021 and funding from other foreign investors.
“The Saudi PIF’s decision to invest $2 billion in Affinity so soon after Kushner’s departure from the Trump White House raises concerns that the investment was a reward for official actions Kushner took to benefit the Saudi government," Wyden wrote, "including preventing accountability for the Saudi government ordering the brutal murder of journalist and American citizen Jamal Khashoggi."
A panel that screens investments for Saudi Arabia's Sovereign Wealth Fund warned against investing with the inexperienced Kushner, but the full board led by Crown Prince Mohammed bin Salman overruled that recommendation.
Wyden asked Kushner's firm for details about its investments, any fees it has received and how much Kushner has been paid.
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“It is deeply concerning that several Middle Eastern governments are using funds managed by Affinity as a means to pay tens of millions of dollars in fees every year to former President Trump’s son-in-law, Jared Kushner, creating significant conflicts of interest and potential counterintelligence risks," Wyden wrote.
"These arrangements also raise concerns that Affinity’s exclusively foreign-funded private investment funds are being exploited as a loophole by Mr. Kushner and other former U.S. government officials as a means to avoid complying with the Foreign Agents Registration Act and other U.S. laws requiring U.S. persons to disclose payments from foreign governments.”
