HMM

Report: Kushner Cos. Got $30 Million Israeli Investment Ahead of First Diplomatic Visit

The real-estate company owned by the family of White House senior adviser Jared Kushner received a $30 million investment from one of Israel’s largest financial institutions shortly before his first diplomatic trip to the country last year, The New York Times reports. The funds invested last spring by Menora Mivtachim, Israel’s largest manager of pension funds, went into 10 Maryland apartment complexes controlled by Kushner Companies, according to the report. The previously unreported transaction has renewed conflict-of-interest concerns in Kushner’s role as a peace broker in the Middle East, raising questions about his financial ties to Israel amid the White House’s attempts to be seen as an independent player in the Israel-Palestine conflict. Kushner resigned as chief executive of the company upon joining the Trump administration last January, but he remains the beneficiary of several trusts that own stakes in Kushner properties and investments. Kushner Companies has numerous business ties to Israel, and those links have reportedly also come under scrutiny as part of special counsel Robert Mueller’s Russia probe.