Israeli Insurer Paid $30 Million To Jared Kushner Before His First Diplomatic Visit

President Donald Trump’s son-in-law and senior adviser Jared Kushner is under renewed scrutiny amid reports that the real-estate company owned by his family received a $30 million from one of Israel’s largest financial institutions shortly before his first diplomatic trip to the country last year.

The Wall Street Journal confirmed Sunday that the real estate run by Mr Kushner’s Family had received a subpoena from the Securities and Exchange Commission (SEC) requesting information. The Kushner family firm benefits from several investments from Israeli financial institutions, including for other projects that provide income to Kushner. Those investments have also came under scrutiny as part of special counsel Robert Mueller’s Russia probe.

The company received an investment nearing $30m from Menora Mivtachim, one of Israel’s largest insurers, in the spring of 2017, shortly before president Trump and Mr Kushner visited the country. According to the New York Times, the funds were directed into a Maryland development.

Mr Kushner traveled to Israel on a diplomatic mission in May 2017 and has been charged with brokering peace between Israel and Palestine. He has taken out at least four loans from Bank Hapoalim, Israel’s largest bank and currently under a US Department of Justice criminal investigation.

Read More: Israeli Source: US Announcement On Jerusalem Was Coordinated With Saudi Arabia

Mr Kushner resigned as chief executive of the company upon joining the Trump administration last January, but he remains the beneficiary of several trusts that own stakes in Kushner properties and investments.

“The deal, which was not made public, pumped significant new equity into 10 Maryland apartment complexes controlled by Mr Kushner’s firm,” the Times notes: “While Mr Kushner has sold parts of his business since taking a White House job last year, he still has stakes in most of the family empire—including the apartment buildings in and around Baltimore.”

The Critics question how impartial Mr Kushner can be in any Mideast negotiations while he’s profiting from investments from companies in one of the countries involved.

“I think it’s reasonable for people to ask whether his business interests are somehow affecting his judgment,” Matthew Sanderson, a lawyer at Caplin & Drysdale in Washington, D.C., who specializes in government ethics, told the Times.

Mr Kushner himself was co-director of the Kushner Foundation when it funded an Israeli settlement considered to be illegal under international law, which he failed to reveal on his financial disclosure forms with the Office of Government Ethics.

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