House Panel Examining Jared Kushner Over Saudi Investment in New Firm

“He is proud to be among many private sector stakeholders advancing connectivity 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, the entity that made the $2 billion investment, did not immediately respond to requests for comment.

Thanks to congressional redistricting, Ms. Maloney, a veteran lawmaker from the Upper East Side of Manhattan, faces a tough primary fight against Representative Jerrold Nadler, her longtime colleague and fellow Democrat from the Upper West Side. Mr. Nadler, who is the chairman of the House Judiciary Committee, played a prominent role in Mr. Trump’s two impeachment hearings and has campaigned on his role as a critic of the Trump administration.

Ms. Maloney’s letter refers to disclosures, first published by The New York Times in early April, that the Saudi government’s main sovereign wealth fund invested $2 billion in Mr. Kushner’s firm despite objections from one of its own internal committees over his lack of relevant investment experience. That investment occurred less than six months after Mr. Kushner left his post in the White House — a role that had given him broad oversight of the administration’s diplomacy efforts in the Middle East.

During his time in government, Mr. Kushner developed a close rapport with Prince Mohammed, even as the prince faced criticism over his human rights record and Saudi Arabia’s war in Yemen. Later, when the planned $2 billion investment in Mr. Kushner’s private equity firm encountered skepticism from Public Investment Fund officials, a fund board led by Prince Mohammed voted to approve it anyway.

Article source: https://www.nytimes.com/2022/06/02/us/politics/jared-kushner-house-investigation.html