Jared Kushner’s Loans From Deutsche Bank, Other Lenders Sought by Banking Regulator: Report

New York’s banking regulator has reportedly requested loan information about Jared Kushner, his family and real estate business Kushner Companies, from three banks including Deutsche Bank AG, which is steeped in another controversy involving the presidential adviser.

Related: Jared Kushner’s company investors subpoenaed as part of tax investigation: report

New York State’s Department of Financial Services last week sent letters to Deutsche Bank, Signature Bank and New York Community Bank requesting loan applications and processes, and information about the institutions’ relationships with Kushner and his business assets, a person familiar with the correspondence told Bloomberg in a report published Wednesday.

Kushner and his wife, Ivanka Trump, took on more debt over the past year from lenders including Signature Bank and New York Community Bank, recent government disclosures show. The couple had unsecured lines of credit of $5 million to $25 million from each of the three banks, according to a disclosures filing from late December.

In her letter, Maria Vullo, New York State Financial Services superintendent, reportedly asked for emails and other communications on pending or denied financing requests the Kushners made with the banks, as well as internal reviews of the Kushners and their businesses.

Kushner Companies spokeswoman Chris Taylor said in an emailed statement to Newsweek that “these type of inquiries appear to be harassment solely for political reasons.”

“We have not received a copy of any letter from the New York State Department of Financial Services. Our company is a multibillion enterprise that is extremely financially strong,” Taylor stated. “Prior to our CEO voluntarily resigning to serve our country, we never had any type of inquiries.”

Representatives from the Department of Financial Services and the three banks have not commented.

Kushner resigned as CEO of his company when he became a senior White House adviser to his father-in-law, President Donald Trump, more than a year ago. He divested some of his assets by transferring them to his relatives.

Growing debt aside, Kushner faces scrutiny for having financial and business ties that could pose conflicts of interest in his government work. Officials from the United Arab Emirates, China, Israel and Mexico have privately discussed how to use Kushner’s business interests and lack of foreign policy experience to their advantage, The Washington Post reported Tuesday.

Deutsche Bank last month stated that it would take legal action against the German business magazine Manager Magazine for reporting that the financial institution provided banking supervisors with suspicious money transactions associated with Kushner, and that it was willing to hand the information over to Russia probe special counsel Robert Mueller.

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