The House oversight and reform committee announced on Thursday that it is launching an investigation into whether former senior White House adviser Jared Kushner improperly used his position to secure an investment for his private equity firm from the Saudi government.
Rep. Carolyn B. Maloney, Chairwoman of the Committee on Oversight and Reform announced the probe into the son-in-law of former president Donald Trump in a press release.
In a letter to Kushner, the lawmaker requested documents regarding the major investment in his firm, A Fin Management, LLC (Affinity) from the Saudi Public Investment Fund (PIF), which is controlled by Crown Prince Mohammed bin Salman.
Kushner incorporated Affinity in Delaware in January 2021, the day after Trump left the White House. He secured the $2 billion Saudi investment six months later, according to the House panel.
“PIF is led by the Crown Prince, with whom Mr. Kushner developed a very close relationship while a senior adviser to former President Trump,” lawmakers said.
“Affinity’s public filings indicate that PIF’s investment will generate $25 million in annual asset management fees for Affinity, in addition to a share of any profits made—representing a substantial windfall for Mr. Kushner, Affinity’s sole owner.”
In her letter to Kushner, Maloney said the committee is investigating whether Kushner “improperly traded” on his government position to “obtain billions of dollars from the Saudi…
