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Tuesday, 11 July 2017

Kushner Cos. Sought Qatar Funds as Jared Advised Trump - Bloomberg

Kushner Cos. Sought Qatar Funds as Jared Advised Trump - Bloomberg:

"A few months before President Donald Trump encouraged Saudi Arabia and others to blockade Qatar, the real estate business owned by the family of his son-in-law, Jared Kushner, sought a substantial investment from one of the Gulf State country’s wealthiest and most politically influential figures, according to a spokesman for Kushner Cos.

Since at least 2015, Kushner, his father, Charlie, and other officials of the company had discussions with Sheikh Hamad bin Jassim bin Jabr Al Thani, the former prime minister of Qatar who now runs a private investment firm. The talks were about a possible cash infusion of $500 million for the Kushners’ financially challenged high rise at 666 Fifth Ave. in Manhattan. The Intercept first reported the negotiations, which were later confirmed by the Kushner spokesman.

Financial negotiations between the Kushners and a politically powerful Qatari figure like Al Thani raise concerns about a possible conflict of interest because Jared Kushner is one of the president’s closest advisers. While Kushner sold his stake in 666 Fifth Ave. to family members upon joining the administration, he still has input regarding U.S. diplomatic policy.


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