Home GRASP/China Chinese Firm With Government Ties Gives Kushner Family ‘Sweetheart Deal’

Chinese Firm With Government Ties Gives Kushner Family ‘Sweetheart Deal’

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Critics are worried that the company is trying to influence U. S. policy with the massive investment.
A Beijing-based investment firm with close ties to the Chinese government is giving a “sweetheart deal” to the real-estate company owned by Jared Kushner’s family for a stake in the firm’s flagship property at 666 Fifth Ave., Bloomberg reported Monday .
The $4 billion deal calls for Kushner Companies, where Trump’s son-in-law and adviser was CEO until January, to receive $400 million in cash and have its mortgage in the mixed-use building slashed by about 80 percent.
The transaction’s critics tell Bloomberg that the terms of the deal are “unusually favorable.” The concern, as explained by Larry Noble of the Campaign Legal Center, is that Anbang Insurance Group is trying to curry favor with Kushner and, by extension, President Trump.
A Kushner Companies spokesman told Bloomberg that there’s no worry over conflict of interest because Jared sold his ownership in 666 Fifth Ave.

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