New York State has asked for information from three banks on the financial arrangements and loans granted to or sought by the real estate firm of Jared Kushner (pictured right), a senior White House advisor and President Donald Trump’s son-in-law, sources told AFP.
The lenders — Deutsche Bank, Signature Bank and New York Community Bank — have been given time till March 5 to respond.
The Department of Financial Services (DFS), which is reported to have sent the letters to the three banks last week, declined to comment.
Kushner Companies said the inquiries were politically motivated and they amounted to harassment.
A company spokesman said they have not yet received a copy of the DFS letter adding that their enterprise is financially strong and had never faced any inquiries.
In a related development, The New York Times said Kushner Companies received huge loans from Apollo Global Management and Citigroup shortly after representatives from the two companies visited White House and met Kushner.
The White House visits and loans raise questions about conflicts of interest, Times quoted Don Fox, former acting director of the Office of Government Ethics, as saying.
Kushner met Joshua Harris, a founder of Apollo, many times last year and even discussed a potential White House position, the paper said. In November, Apollo loaned Kushner Companies $184 million.
Kushner also met Citigroup’s chief executive, Michael L. Corbat, shortly before his company received a $325 million loan from the firm, the paper said.
Kushner’s lawyer, Abbe Lowell, said the meetings took place but denied any impropriety.