• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Exclusive-Democratic lawmakers request probe into Trump son-in-law after Reuters Saudi report

by October 24, 2024
written by October 24, 2024

By Aram Roston, Alexandra Ulmer

WASHINGTON (Reuters) -The Democratic chair of the U.S. Senate Finance Committee and a prominent Democratic congressman asked the U.S. attorney general on Thursday to appoint a special counsel to investigate whether Jared Kushner, former President Donald Trump’s son-in-law, was functioning as an unregistered foreign agent for Saudi Arabia, according to a letter from the lawmakers. 

The letter from U.S. Senator Ron Wyden and U.S. Representative Jamie Raskin cited an Oct. 4 Reuters report that revealed that Kushner on multiple occasions had discussed U.S.-Saudi diplomacy concerning Israel with Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, since leaving government.

“This revelation is deeply disturbing, as Mr. Kushner appears to be influencing U.S. foreign policy by acting as a political consultant to the Saudi government while also accepting their money,” Wyden and Raskin wrote in the eight-page letter to Attorney General Merrick Garland. The letter has not been previously reported.

“Mr. Kushner’s proximity to President Trump and the potential for political interference warrants the appointment of a Special Counsel,” the letter added.

Saudi Arabia has invested $2 billion into a private equity fund, Affinity Partners, that Kushner, who was a top adviser on the Middle East during Trump’s administration, founded in 2021 after leaving government, according to congressional investigators.

In a statement, Kushner said, “There is no conflict of interest.” He dismissed the letter as “silly political stunts.”

Chad Mizelle, Chief Legal Officer at Affinity Partners, called the request for a Special Counsel “a disgraceful attempt by Wyden and Raskin to turn an already weaponized DOJ into a fully political operation with accusations that have no merit or evidence.”

The Department of Justice and the Saudi Arabian embassy did not immediately respond to requests for comment.

Saudi Arabia’s investments in Kushner’s fund have been criticized by ethics experts, Democrats in Congress and some Republicans, who have expressed concern that Saudi Arabia’s stake can look like a payoff since Kushner worked on Saudi issues before leaving Trump’s White House.

“There is substantial reason to believe,” the letter wrote, “that the Saudi government’s decision to engage Affinity for investment advice is a fig leaf for funneling money directly to Mr. Kushner and his wife, Ivanka Trump.” 

Affinity and Kushner have previously denied that Saudi Arabia’s investments are a payoff or a conflict of interest. Affinity has said Wyden and his Senate staff do not understand the realities of private equity.

The letter comes less than two weeks before the Nov. 5 U.S. presidential election between Trump, a Republican, and Democrat Kamala Harris. Special counsel investigations have more political independence than prosecutions run by Justice Department attorneys, though special counsels can be fired by the Attorney General.

During his time as Trump’s special advisor, Kushner engineered the Abraham Accords, a series of agreements in which Islamic nations established diplomatic ties with Israel in exchange for concessions by the United States. Saudi Arabia never signed on but the Biden Administration has tried to encourage the kingdom to normalize relations with Israel, an effort that appeared to stall amid the Gaza conflict.

The Oct. 4 Reuters report, quoting a source familiar with the discussions, said Kushner’s talks with Saudi Arabia’s crown prince included the process of normalizing relations between Israel and Saudi Arabia. The source did not identify when the talks took place and whether they occurred before or after the start of the Gaza conflict.

The U.S. Foreign Agents Registration Act, or FARA, requires agents of foreign interests who engage in political activity to register with the Department of Justice.

Wyden is the chairman of the Senate Finance Committee and has been investigating investments by Saudi Arabia and other countries in Kushner’s funds since June. Raskin is the ranking member of the House Committee on Oversight and Accountability.

(Alexandra Ulmer reported from San Francisco. Editing by Jason Szep)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Brazil to partly address fiscal concerns soon, central bank chief says
next post
Bank of Japan cautiously upbeat on US outlook, warns of jittery markets

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • China outlines more controls on exports of rare earths and technology

      October 10, 2025
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025
    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (651)
    • Stock (6,426)

    Latest News

    • China outlines more controls on exports of rare earths and technology
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

    Popular News

    • European stocks mixed; retailers slump after updates
    • US tech firms warn Vietnam’s planned law to hamper data centres, social media

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy