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Company part-owned by Jared Kushner got $90m from unknown offshore investors since 2017
Overseas investment flowed to Cadre while Trump’s son-in-law works as US envoy, raising conflict of interest questions
Kushner resigned from Cadre’s board and reduced his ownership stake to less than 25% after he joined the White House, according to his attorneys. He failed to list Cadre on his first ethics disclosure, later adding the company and saying the omission was inadvertent. Cadre says he is not actively involved in the company’s operations.
Kushner was initially denied a security clearance by career officials when he joined Trump’s administration. A whistleblower has told Congress it was blocked due to concerns about Kushner’s outside business interests and “foreign influence”. Kushner was later granted a clearance, allegedly after a Trump appointee intervened.
Trump and several members of his administration, including Kushner, have bucked precedent by retaining business interests after entering the government. George W Bush and Bill Clinton moved their wealth into “blind trusts”, while Barack Obama had few assets beyond savings accounts and investments in index funds.
Obviously this is not evidence that Kushner is bent by foreign millions. But it again points out the peculiarities of this administration, in comparison with the past, when people took active measures to avoid such appearances.
Overseas investment flowed to Cadre while Trump’s son-in-law works as US envoy, raising conflict of interest questions
Kushner resigned from Cadre’s board and reduced his ownership stake to less than 25% after he joined the White House, according to his attorneys. He failed to list Cadre on his first ethics disclosure, later adding the company and saying the omission was inadvertent. Cadre says he is not actively involved in the company’s operations.
Kushner was initially denied a security clearance by career officials when he joined Trump’s administration. A whistleblower has told Congress it was blocked due to concerns about Kushner’s outside business interests and “foreign influence”. Kushner was later granted a clearance, allegedly after a Trump appointee intervened.
Trump and several members of his administration, including Kushner, have bucked precedent by retaining business interests after entering the government. George W Bush and Bill Clinton moved their wealth into “blind trusts”, while Barack Obama had few assets beyond savings accounts and investments in index funds.
Obviously this is not evidence that Kushner is bent by foreign millions. But it again points out the peculiarities of this administration, in comparison with the past, when people took active measures to avoid such appearances.
