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The Wall Street Journal: White House investigating $500 million in loans to Kushner’s family business

WASHINGTON — White House attorneys are analyzing whether two loans totaling greater than $500 million to Jared Kushner’s family industry could have violated any legal rules or federal ethics rules, in step with a letter from a federal ethics company made public Monday.

The Office of Government Ethics told a Democratic lawmaker within the letter that the White House is probing whether a $184 million loan from the real-estate arm of Apollo Global Management APO, +1.16%  nd a $325 million loan from Citigroup Inc. C, +2.77%   could have run afoul of the principles and rules governing the habits of federal workers.

Both loans went to the Kushner Cos., the private real-estate company based through Kushner’s father and run through individuals of his family. Kushner, who is President Donald Trump’s son-in-law and serves in a senior position within the White House, met with most sensible executives of both Citi and Apollo earlier than every loan used to be distributed, the New York Times reported remaining month.

“I have discussed this matter with the White House Counsel’s Office so as to be sure that they've begun the process of ascertaining the details vital to resolve whether any regulation or regulation has been violated,” wrote David Apol, the appearing director of the Office of Government Ethics. “During that discussion, the White House informed me that they'd already begun this procedure.”

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