Kushner family seen exploiting White House access
BEIJING: White House senior adviser Jared Kushner’s family business is courting wealthy Chinese to buy stakes in real estate through a controversial government programme that offers United States residency in exchange for investment.
Jared’s sister, Nicole Kushner Meyer, was here on Saturday, seeking US$150 million (RM651 million) in investment in a luxury apartment complex project in New Jersey, according to US media reports.
Jared, 36, is a senior adviser to US President Donald Trump, with far-reaching influence over domestic and foreign policies, and stepped down from the family company in January to serve in the administration.
However, eyebrows have been raised as the Chinese investment sought by his family is to be funnelled through the US EB-5 visa programme.
The programme offers foreign nationals permanent residency — commonly known as a green card – in exchange for investments of at least half a million dollars in a US business that must also create 10 American jobs.
The New York Times reported that the family business’ investment drive was also “highlighting their ties to (Jared) Kushner as they court investors”.
Speaking before more than 100 investors, here,Nicole said the project “means a lot to me and my entire family”
Nearly 90 per cent of EB-5 visas were issued to Chinese nationals in 2014, when the programme reached its quota of 10,000 visas. Detractors say the programme puts citizenship up for sale.
Last week, federal agents in California raided two homes and a business allegedly connected to a US$50 million visa fraud scheme that benefited up to 100 Chinese nationals.
Authorities said the key suspects in the case helped wealthy Chinese obtain US residency visas in exchange for bogus investments. AFP