Speed Reads


White House investigating loans made to Kushner's family business

White House attorneys are looking into whether two loans worth more than $500 million given to President Trump's son-in-law and senior adviser Jared Kushner's family real estate business violated any criminal laws or federal ethics regulations, The Wall Street Journal reports.

The Journal obtained a letter from David Apol, the acting director of the Office of Government Ethics, to Rep. Raja Krishnamoorthi (D-Ill.), who had raised concerns over meetings Kushner had in the White House with executives from Apollo Global Management and Citigroup right before each company loaned Kushner Cos. millions. Responding to Krishnamoorthi, Apol wrote that he discussed the matter with the White House Counsel's Office, and he was notified that they were already investigating the loans and whether "any law or regulation has been violated and whether any additional procedures are necessary to avoid violations in the future."

Apol also said that he's asked the White House to keep him updated on the results of the investigation. Kushner Cos. received a $184 million loan from Apollo and a $325 million loan from Citigroup, and both companies have denied that the loans were approved because of the Kushner meetings.