Kushner business ties deep in Israel
jerusalem» Jared Kushner, U.S. President Donald Trump’s son-in-law and senior adviser, has deep business and personal ties to Israel that could raise questions about his ability to serve as an honest broker as he oversees the White House’s Mideast peace efforts.
But some say these ties, which include a previously undisclosed real estate deal in New Jersey with a major Israeli insurer, may give Kushner a surprising advantage as he is expected to launch the first peace talks of the Trump era. Having the trust of Israeli Prime Minister Benjamin Netanyahu, the thinking goes, could make Kushner well positioned to extract concessions from the hard-line Israeli leader.
Kushner’s family real estate company has longstanding and ongoing deals with major Israeli financial institutions. These relationships, along with a personal friendship with Netanyahu and past links to the West Bank settler movement, could emerge as potential stumbling blocks by creating an appearance of bias.
Harel Insurance Investments & Financial Services Ltd. confirmed that it shares ownership and profits on a New Jersey apartment building with the Kushner Companies. Harel informed The Associated Press of the joint investment and said it had not previously announced it publicly. In addition, the Kushner Companies confirmed longstanding relationships with two major Israeli banks that have been investigated by U.S. authorities for allegedly helping clients evade U.S. taxes.
“Financial investments in Israel would seem to only further complicate conflicts of interest issues,” said Larry Noble, senior director of regulatory programs and general counsel at Campaign Legal Center, a group that advocates for strong enforcement of campaign finance laws.
Jared Kushner headed the billion-dollar family firm before joining the White House as a senior adviser in January. As a condition to taking the job, Kushner has agreed to file a financial disclosure report and divest some holdings that could create a conflict of interest.