Breaking News

Lawmakers want more information about Kushner family loans from Citigroup, Apollo Global Management

Several Democratic lawmakers, together with Sens. Elizabeth Warren of Massachusetts, Tom Carper of Delaware, and Gary Peters of Michigan and Rep. Elijah Cummings of Maryland despatched follow-up letters to Citigroup C, -1.55% and Apollo Global Management APO, -2.22% on Friday and released new data received from the corporations based on their unique inquiries about greater than $500 million in loans they made to Kushner Companies, the family trade of Senior Advisor to the President Jared Kushner, after assembly with Kushner at the White House. A press liberate from Warren stated the lawmakers have learned, based on a March 20 response from the two companies, that monetary ties between Kushner Companies and Citigroup and Apollo Management are extra extensive than to begin with reported. Kushner Companies owes Apollo greater than $250 million and Citibank greater than $600 million. These loans have been made after Kushner was or was once about to change into a White House Senior Advisor to President Trump. Citigroup had requested for a gathering with Kushner on account of his White House "leadership role," according to the financial institution's response, and Kushner mentioned key Trump Administration coverage priorities with Michael Corbat, Citigroup's CEO. The legislators requested Apollo and Citigroup to answer the new questions and supply documents concerning the loans and communications with Kushner and his family's trade via April 25, 2018.