Democrats Raise Questions About Mnuchin's Deals in Persian Gulf
The speed of the former Treasury secretarys shift to raising money for his private investment fund after leaving office was cited by two lawmakers, who said they had serious concerns.
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The New York Times reported this year that Mr. Mnuchin raised $2 billion in investments from funds run by the governments of those three gulf monarchies in the months after leaving government. The Times also reported that as Treasury secretary, Mr. Mnuchin had visited those countries far more extensively than his predecessors, meeting frequently with the heads of their sovereign wealth funds and returning to meet with them again in his final days before leaving government.
Over his four years as Treasury secretary, Mr. Mnuchin made a total of 18 visits to four gulf monarchies, including Kuwait, and met with their sovereign wealth fund managers a total of 27 times, the Democrats letter notes, including several meetings in the final weeks of the Trump administration.
Mr. Mnuchins fund raised $500 million each from Kuwait, the United Arab Emirates and Qatar, as well as $1 billion from Saudi Arabia, according to documents obtained by The Times from the kingdoms sovereign wealth fund.
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But Ms. Maloney is leaving Congress at the end of the year after losing her Democratic primary, and if Republicans take control of the House in the midterm elections, Democrats will no longer run the oversight committee.
Kushner mentioned in the article too.
Entire NYT article no paywall
https://archive.ph/DTVLe