As Trump clinched his nomination, his son-in-law started talks on a joint venture with a secretive Chinese company https://t.co/Bs3qrfOraQ— The New York Times (@nytimes) January 7, 2017
This past weekend, The New York Times took a deep dive on Jared Kushner, President-elect Donald Trump's son-in-law, as he continues to play a key role in the new administration.
The Page 1 piece shows the web of potential conflicts of interest that Kushner could face in Trump's administration. The article centers on a celebratory dinner on Nov. 16 in a private dining room at the Waldorf Astoria. Kushner was close to a joint-venture agreement with Wu Xiaohui, the chairman of Anbang Insurance Group, to help redevelop the Kushner-owned 666 Fifth Ave.
As the Times noted, the byzantine ownership structure of Anbang, which has close ties to the Chinese state, "has seen its aggressive efforts to buy up hotels in the United States slowed amid concerns raised by Obama administration officials who review foreign investments for national security risk."
Per the Times:
[W]ith Mr. Kushner laying the groundwork for his own White House role, the meeting at the Waldorf shines a light on his family’s multibillion-dollar business, Kushner Companies, and on the ethical thicket he would have to navigate while advising his father-in-law on policy that could affect his bottom line.
Matthew T. Sanderson, a lawyer at Caplin & Drysdale and former general counsel to Senator Rand Paul’s presidential campaign, said deals like the one with Anbang “might not be illegal under the conflict-of-interest rules, but raise a strong appearance that a foreign entity is using Mr. Kushner’s business to try to influence U.S. policy.”
The article also notes that Kushner will resign as chief executive of Kushner Companies.
Starting in 2013, Kushner has bought 40-plus buildings in the East Village. According to the Cooper Square Committee, only Steve Croman owns more residential buildings in the East Village than Kushner does.
Under Kushner's ownership, tenants have accused his management company, among other things, of aggressive tactics to remove rent-stabilized residents ... while failing to provide gas for cooking and heat.
Updated 8:14 p.m.
Kushner will be named senior adviser to the president, CNN reports.
Previously on EV Grieve:
[Updated] Report: Jared Kushner buys $130 million portfolio of East Village rental buildings
Soon, we will all be writing our rent checks to Jared Kushner
Tenants claim: Kushner and Westminster want to destroy this building's beautiful garden
Reports outline how Kushner Companies is aggressively trying to empty 170-174 E. 2nd St.
Local politicos join residents of 2 Jared Kushner-owned buildings to speak out about poor living conditions, alleged harassment
Jared Kushner's residents at 118 E. 4th St. would like gas for cooking and some heat
Jared Kushner's East Village tenants wish he'd resolve issues closer to home