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2 billion Saudi dollars will be invested in Sazan? The House of Representatives wants an investigation into Trump's son-in-law's ties to the Crown Prince

2024-03-18 12:21:49Kosova&Bota SHKRUAR NGA REDAKSIA VOX
2 billion Saudi dollars will be invested in Sazan? The House of Representatives
Jared Kushner and Crown Prince Mohammed bin Salman

The Oversight Committee of the House of Representatives is seeking documents related to the investment of 2 billion dollars by a Saudi fund in the private equity firm founded by Jared Kushner, the son-in-law and former adviser of Donald Trump, writes The New York Times .

During his time as an adviser to the President, Jared Kushner developed a close relationship with Crown Prince Mohammed bin Salman, the de facto leader of Saudi Arabia .

A House committee said Thursday it was investigating whether Jared Kushner, son-in-law and former adviser to former President Donald J. Trump, negotiated his governing position with the Saudis to get back a $2 billion investment in the firm his new with private capital .

Representative Carolyn B. Maloney, who chairs the House Oversight and Reform Committee, gave Kushner a two-week deadline to turn over documents related to the Saudi fund's investment last year in his firm Affinity Partners. It also sought any personal correspondence between Kushner and the de facto leader of the Saudi kingdom, Crown Prince Mohammed bin Salman, during or after the Trump administration.

In her letter to Kushner, Maloney wrote that the committee is investigating " whether your personal financial interests improperly influenced US foreign policy during the administration of your father-in-law, former President Trump ."

In a statement, a spokesman for Mr. Kushner said: " In reaching six peace agreements in the Middle East, Mr. Kushner fully adhered to all legal and ethical guidelines both during and after his government service ."

" He is proud to be one of many private sector actors advancing the relationship between Americans, Israelis and Arabs to encourage continued regional progress ," the statement continued.

A spokesman for the Saudi government and the Saudi Public Investment Fund, which is the entity that made the $2 billion investment, did not immediately respond to a request.

Maloney's letter refers to revelations, first reported by The New York Times in early April, that the Saudi government's flagship sovereign wealth fund invested $2bn in Mr Kushner's firm despite objections from one of its committees. internal due to the lack of experience in significant investments. The investment came less than six months after Mr. Kushner left his White House post — a role that had given him broad oversight of the administration's Middle East diplomacy efforts.

During his time in government, Kushner forged a close relationship with Prince Mohammed, even as the prince faced criticism over human rights and Saudi Arabia's war in Yemen.

Later, even as the planned $2 billion investment in Kushner's private equity firm met with skepticism from Public Investment Fund officials, a board led by Prince Mohammed voted to approve it.

Ethics experts have raised concerns about the Saudi fund's investment in Kushner's firm, which appears to account for the vast majority of its $2.5 billion in assets, according to filings. Sen. Elizabeth Warren, Democrat of Massachusetts, has asked the Justice Department to "take a hard look" at whether Kushner violated any criminal laws.

In her letter, Maloney noted that Affinity Partners' parent company was incorporated on January 21, 2021, the day after Kushner left the White House. " Your close relationship with Crown Prince bin Salman, your pro-Saudi stances during the Trump administration, and PIF's decision to fund most of your new venture, just six months into your term in the White House." , she wrote " gives the impression of a benefit arrangement related to your work in foreign policy"

Rather than alleging a violation of any existing laws, Maloney wrote that the investigation would seek to gather information about whether stricter laws are needed to deter former public officials from doing business with their former counterparts.

The House Oversight Committee has scrutinized both the Trump administration and its relationship with Saudi Arabia in the past. In 2019, it investigated the White House's granting of security clearance to Kushner despite red flags raised by intelligence officials, and issued reports on the administration's willingness to share nuclear power technology with the kingdom. /VoxNews

Note: The company told the Times that it has not yet determined whether Saudi funds for the project will be used 


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