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Donald Trump’s son-in-law and former adviser Jared Kushner defends $2 billion investment from Saudi Arabia’s sovereign wealth fund, denying there was a conflict of interest or that receiving the investment was unethical did.
Kusher’s private equity firm, Affinity Partners, received a $2 billion investment from Saudi Arabia shortly after he left the White House.
Critics have denounced the deal as unethical and a conflict of interest due to the fact that Kushner had been working closely with Saudi Arabia on behalf of the Trump administration shortly before the deal.
Kushner said, “When my critics ask me about the work we’ve done in the White House, what I say is that not a single decision we made was in the interest of the United States.” It’s about pointing out that,” Kushner said at the Miami Summit. Tuesday’s Axios news.
In the second quarter of 2023, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), recorded $38.93 billion in U.S. stock holdings, up from $35.52 billion in the previous quarter.
Critics say Kushner received $2 billion from the Saudi PIF in light of U.S. intelligence agencies’ conclusion that Saudi Arabia’s Crown Prince Mohammed ordered the 2018 killing of Washington Post reporter Jamal Khashoggi. Labeling it as unethical. The Saudi crown prince has denied involvement, and Kushner told an audience in Miami on Tuesday that he had not seen intelligence reports on the matter released in 2021, CBS News reported.
Critics also say the deal presents a conflict of interest, citing Kushner’s role in President Trump’s veto of a bill banning U.S. arms sales to Saudi Arabia.
Axios reported Wednesday that Kushner said he would not join the White House team if a second Trump administration takes office, and instead focus on his private equity group.
Written by Charles Kennedy, Oilprice.com
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