FEATURED:

Dems demand information on Kushner Wall Street loans

Dems demand information on Kushner Wall Street loans
© Getty

Top Democrats are reportedly pushing for answers on $500 million in loans granted to Kushner Companies last year by a pair of Wall Street firms after representatives for the two firms took part in White House meetings.

ABC News reports that lawmakers, including Sens. Elizabeth WarrenElizabeth Ann WarrenHatch mocks Warren over DNA test with his own results showing '1/1032 T-Rex' Warren DNA test reinvigorates fight with Trump On The Money: Deficit hits six-year high of 9 billion | Yellen says Trump attacks threaten Fed | Affordable housing set for spotlight in 2020 race MORE (D-Mass), Tom CarperThomas (Tom) Richard CarperOvernight Energy: Trump administration doubles down on climate skepticism | Suspended EPA health official hits back | Military bases could host coal, gas exports Trump poised to sign bipartisan water infrastructure bill Overnight Health Care — Presented by the Coalition for Affordable Prescription Drugs — Senators face Wednesday vote on Trump health plans rule | Trump officials plan downtime for ObamaCare website | Lawmakers push for action on reducing maternal deaths MORE (D-Del.) and Gary PetersGary Charles PetersHillicon Valley: Facebook deletes accounts for political 'spam' | Leaked research shows Google's struggles with online free speech | Trump's praise for North Korea complicates cyber deterrence | Senators want Google memo on privacy bug Lawmakers move to award posthumous Congressional Gold Medal to Aretha Franklin The farm bill gives Congress a chance to act on the Pet and Women Safety (PAWS) Act MORE (D-Mich.) and Rep. Elijah CummingsElijah Eugene CummingsTrump makes new overtures to Democrats Dems eye ambitious agenda if House flips Oversight Dems call for probe into citizenship question on 2020 census MORE (D-Md.), sent a pair of letters Friday to Citigroup and Apollo Global Management (AGM) demanding information about the loans.

ADVERTISEMENT

The letters accuse Citigroup and AGM of not providing adequate information following a request made in March for information and documents related to all meetings between the firms and Kushner Companies employees.

AGM reportedly lent $184 million to Kushner Companies last November, months after one of its co-founders, Joshua Harris, had advised the Trump administration on infrastructure. Citigroup, meanwhile, lent Kushner Companies a total of $325 million shortly after the firm's chief executive met with Kushner in Washington.

A March letter from the same lawmakers to the two firms declared that reports Kushner Companies received the loans soon after officials met with Kushner in the White House "raise significant questions about what was discussed in these meetings, the terms of these loans, and what Mr. Kushner knew about Kushner Companies’ solicitations for financial assistance."

Both firms have denied that meetings with Kushner in the White House were tied to the loans. Kushner's attorney, Abbe Lowell, issued a statement through a spokesman, saying the president's son-in-law “has met with hundreds of business people" and “has taken no part of any business, loans or projects with or for” his family's business since joining the White House. 

A spokesman for AGM told The Hill in a statement that the firm plans to respond accordingly to the lawmakers' letter.

"Apollo has received the letter, and will respond," Charles Zehren said.

A spokeswoman for Kushner Companies said in March that news stories about the company's financial transactions “attempt to make insinuating connections that do not exist to disparage the financial institutions and companies involved."

—Updated at 2:24 p.m.