Senate Finance Committee Chairman Ron Wyden (D-Ore.) released a investigation Wednesday, former President Trump’s son-in-law, Jared Kushner, and his investment firm, Affinity Partners, on details about his investments in Saudi Arabia.
In a letter For Lauren Key, chief financial officer at Affinity Partners, Wyden said it is concerning that several Middle Eastern governments, including Saudi Arabia, the United Arab Emirates and Qatar, are using funds managed by the company and creating “significant conflicts of interest and potential counterintelligence risks.” ”.
“These agreements also raise concerns that Affinity’s exclusively foreign-funded private investment funds are being exploited as a loophole by Mr. Kushner and other former U.S. government officials as a means of avoiding compliance with the Securities Registration Act. Foreign Agents and other U.S. laws that require U.S. persons to disclose payments from foreign governments,” Wyden wrote in the letter.
The president asks the company to provide a list of all investors in funds managed by Affinity since its inception in 2021. For each investor, Wyden asked Affinity to disclose the amount invested in the funds it manages, the total amount of the company’s fees of investment was paid and also the annual rates of return.
Building a report The New York Times which discovered that Affinity disclosed that 99 percent of its assets were attributable to non-U.S. persons or entities, Wyden asks why this is the case.
One of Wyden’s questions specifically names Kushner, asking the company to detail how much Affinity paid him from 2021 to 2023, not just in salary but in bonuses, other compensation, dividends and other distributions associated with the company.
The senator also asked for a list of all shareholders and the number of shares each one owns, among several other requests he made.
During his time in the Trump administration, Kushner oversaw Middle East policy. He secured a $2 billion investment from Saudi Arabia six months after leaving the White House and was criticized for potential political influence.
Kushner defended himself and his company’s action over the conflict of interest allegations.
The Hill has reached out to Affinity and the lawyers representing Kushner for comment.
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