Senate Finance Committee Chairman Ron Wyden (D-Oregon) An investigation has begun On Wednesday, the administration launched an investigation into President Trump’s son-in-law, Jared Kushner, and his investment firm, Affinity Partners, over details of their investments in Saudi Arabia.
In a letter to Affinity Partners’ chief financial officer, Lauren Key, Wyden said: It is about that Middle Eastern governments, including Saudi Arabia, the United Arab Emirates and Qatar, use funds controlled by the company, creating “significant conflicts of interest and potential counterintelligence risks.”
“These arrangements also raise concerns that Affinity’s entirely foreign-financed private investment fund may be used by Kushner and other former U.S. government officials as a loophole to avoid compliance with the Foreign Agents Registration Act and other U.S. laws that require Americans to disclose payments from foreign governments,” Wyden wrote in the letter.
Wyden is asking Affinity to provide a list of all investors in funds it has managed since its inception in 2021. For each investor, Wyden also asked Affinity to disclose the amount invested in the funds it manages, the total amount of fees the company received, and the annualized rate of return.
Based on the report The New York Times It turns out Affinity disclosed that 99 percent of its assets are held by individuals or entities outside the United States, but Wyden questions why that would be the case.
One of Wyden’s questions specifically names Kushner and requests the company detail how much Affinity paid Kushner from 2021 through 2023, including not only his salary but also bonuses, other compensation, dividends and other distributions related to the company.
The senators also asked for a list of all shareholders and the number of shares each holds, among several other demands.
Kushner oversaw Middle East policy during the Trump administration and secured a $2 billion investment from Saudi Arabia six months after leaving the White House, but has faced criticism over the potential for political influence.
Kushner has defended himself and his company’s actions in the face of allegations of conflict of interest.
The Hill has reached out to Affinity and lawyers representing Kushner for comment.
