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USA: “White House Conducting Internal Investigation Into $500 Million Kushner Loans”

White House attorneys are conducting an internal probe of two loans totaling over $500 million to Jared Kushner’s family business from Citigroup and Apollo Global Management LLC.

The Office of Government Ethics (OGE) revealed the internal West Wing probe into whether the loans violated criminal or ethical statutes, in a letter to Illinois Democratic Rep. Raja Krishnamoorthi, who sits on the House Oversight Committee.

The Office of Government Ethics told a Democratic lawmaker in the letter that the White House is probing whether a $184 million loan from the real-estate arm of Apollo Global Management LLC and a $325 million loan from Citigroup Inc. may have run afoul of the rules and laws governing the conduct of federal employees.

Both loans went to the Kushner Cos., the private real-estate company founded by Mr. Kushner’s father and run by members of his family. Mr. Kushner, who is President Donald Trump’s son-in-law and serves in a senior position in the White House, met with top executives of both Citi and Apollo before each loan was disbursed, the New York Times reported last month. –Wall St. Journal

“I have discussed this matter with the White House Counsel’s Office in order to ensure that they have begun the process of ascertaining the facts necessary to determine whether any law or regulation has been violated,” wrote the acting director of the Office of Government Ethics, David Apol. “During that discussion, the White House informed me that they had already begun this process.”

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