White House senior adviser Jared KushnerJared Corey KushnerKushner resisting giving up top access amid scrutiny over security clearances: report Kelly says he has ‘full confidence’ in Kushner on foreign policy White House: Security clearance review won’t affect Kushner MORE ‘s family business received millions of dollars in loans from two companies after they took part in White House meetings, according to The New York Times.
Private equity firm Apollo Global Management reportedly in November lent $184 million to Kushner Companies to refinance the mortgage on a Chicago skyscraper, while Citigroup in the spring of 2017 lent Kushner Companies and one of its partners $325 million to finance Brooklyn office buildings.
The report comes one day after Kushner’s White House security clearance was downgraded, and that he will no longer be able to view top secret intelligence.
It also comes as special counsel Robert MuellerRobert Swan MuellerSasse: US should applaud choice of Mueller to lead Russia probe MORE probes alleged ties between the Trump campaign and Russian election meddling, including Kushner’s role in the campaign.
A spokesman for Kushner’s attorney Abbe Lowell told The Times that Kushner “has met with hundreds of business people,” and “has taken no part of any business, loans or projects with or for” his family’s business since joining the White House.
Kushner Companies Christine Taylor said Kushner’s position in the Trump administration had not impacted the company’s dealings with financial firms.
“Stories like these attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved,” she said.
An Apollo spokesman told the publication that the loan “went through the firm’s standard approval process,” while Citigroup said the firm’s relationship with Kushner Companies was not connected to Kushner’s White House role.