Kushner Received $285M Loan From a Bank Tied To Russia Shortly Before Election: Report
According to a report published by the Washington Post on Sunday, Jared Kushner’s real estate company received a $285 million loan shortly before Election Day from a German bank that has strong ties to Russia and has lent millions to President Trump.
Kushner, who is reportedly under scrutiny for meetings with Russian officials, was acting as both an adviser to the Trump campaign and working at his real estate company when his firm received the loan from Deutsche Bank, which has been linked to the investigation into possible Russian interference in the 2016 election.
The Post report also states that Kushner made a personal guarantee on the loan, which he did not reveal on his financial disclosure form with the Office of Government Ethics.
A lawyer representing Kushner told the Post in a statement that Kushner was not required to disclose the loan because of guidance from the ethics office that “clearly states that filers do not have to disclose as a liability a loan on which they have made a guarantee unless they have a present obligation to repay the loan.”
A former ethics official said that he would have recommended Kushner include the loan on the disclosure because of how large it is and the implications of being the guarantor of the loan.
House Intelligence Committee leaders have been pushing the bank to share information about Trump’s financial dealings with Russia. The bank has denied the request, citing privacy laws that would prevent them from sharing the information.
Trump’s personal financial disclosure report showed that he owes a debt of $130 million to Deutsche Bank Trust Company Americas, suggesting the bank is one of the president’s major lenders.