“Senate Finance Committee Chair Ron Wyden, D-Ore, today launched a new investigation of top Trump official Jared Kushner’s investment firm Affinity Partners, which reported that 99 percent of the billions of dollars it manages comes from foreign sources, primarily the sovereign wealth funds of Saudi Arabia, the United Arab Emirates, and Qatar. In a new letter, Senator Wyden sought records and information pertaining to the tens of millions in payments Kushner is receiving from the Saudis and other foreign sources every year while exploiting private investment fund disclosure loopholes to shield the arrangement from public scrutiny. The letter also noted that the firm’s reliance on foreign investors raises concerns that Middle Eastern governments are using payments to Affinity executives as a means to influence Kushner and other politically powerful individuals.”

“Senator Wyden wrote to Affinity Partners Chief Financial Officer Lauren Key: ‘It is deeply concerning that several Middle Eastern governments are using funds managed by Affinity as a means to pay tens of millions of dollars in fees every year to former President Trump’s son-in-law, Jared Kushner, creating significant conflicts of interest and potential counterintelligence risks. These arrangements also raise concerns that Affinity’s exclusively foreign funded private investment funds are being exploited as a loophole by Mr Kushner and other former US government officials as a means to avoid complying with the Foreign Agents Registration Act and other US laws requiring US persons to disclose payments from foreign governments,'” says a statement from the Senate Finance Committee on an investigation into Kush being launched better late than never.