Company part-owned by Jared Kushner got $90m from unknown offshore investors since 2017

[DonViejo]

Overseas investment flowed to Cadre while Trump’s son-in-law works as US envoy, raising conflict of interest questions

Jon Swaine in New York
@jonswaine

Mon 10 Jun 2019 02.00 EDT Last modified on Mon 10 Jun 2019 02.31 EDT

A real estate company part-owned by Jared Kushner has received $90m in foreign funding from an opaque offshore vehicle since he entered the White House as a senior adviser to his father-in-law Donald Trump.

Investment has flowed from overseas to the company, Cadre, while Kushner works as an international envoy for the US, according to corporate filings and interviews. The money came through a vehicle run by Goldman Sachs in the Cayman Islands, a tax haven that guarantees corporate secrecy.

Kushner, who is married to Trump’s elder daughter Ivanka, kept a stake in Cadre after joining the administration, while selling other assets. His holding is now valued at up to $50m, according to his financial disclosure documents.

Cadre’s foreign funding could create hidden conflicts of interest for Kushner as he performs his work for the US government, according to some ethics experts, who raised concerns over the lack of transparency around the investments.

more
https://www.theguardian.com/us-news/2019/jun/10/jared-kushner-real-estate-cadre-goldman-sachs

[EleanorR]

1. The Russia, Twitter, Facebook, Cadre connection

Institutions with close links to Kremlin financed stakes through investor in Trump son-in-law’s venture, leaked files reveal

Two Russian state institutions with close ties to Vladimir Putin funded substantial stakes in Twitter and Facebook through an investor who later acquired an interest in a Jared Kushner venture, leaked documents reveal.

The investments were made through a Russian technology magnate, Yuri Milner, who also holds a stake in a company co-owned by Kushner, Donald Trump’s son-in-law and senior White House adviser.

1

Money from the Russian state funds two institutions

2

They fund stakes in investors in Silicon Valley

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These investors plough money into Twitter and Facebook. Separately Yuri Milner’s family trust invests $850,000 into Jared Kushner’s startup, Cadre

https://www.theguardian.com/news/2017/nov/05/russia-funded-facebook-twitter-investments-kushner-investor