Jared Kushner's private equity firm faces inquiry as it fails to return profits [View all]
Trump son-in-laws Affinity Partners fuels Senate suspicions of foreign influence-buying before US election
A private equity firm owned by Jared Kushner, Donald Trumps son-in-law, has been paid $157m in fees since 2021 without returning any profit to investors, according to a US Senate inquiry.
The finding from the Senate finance committee has fuelled suspicions that the Miami-based company, Affinity Partners, may be a foreign influence-buying operation established in anticipation of the former president returning to the White House.
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He added: Affinitys investors may not be motivated by commercial considerations, but rather the opportunity to funnel foreign government money to members of President Trumps family, namely Jared Kushner and Ivanka Trump.
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Private investment funds that take money exclusively from foreign politically exposed investors present heightened national security and other risks, he wrote. The US government has recently highlighted how the opacity and lightly regulated status of private funds can present risk to national security.
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https://www.theguardian.com/us-news/2024/sep/25/jared-kushner-affinity-partners-firm-senate-inquiry