A private equity firm owned by Jared Kushner, Donald Trump’s son-in-law, has been paid $157m in fees since 2021 without returning any profit to investors, according to a US Senate inquiry.
The finding from the Senate finance committee has fuelled suspicions that the Miami-based company, Affinity Partners, may be a foreign influence-buying operation established in anticipation of the former president returning to the White House.
The inquiry was launched by the Democrat-led Senate finance committee in response to reports in the New York Times that Kushner was pursuing property deals abroad as his father-in-law was embroiled in a presidential election campaign.
The paper reported that Kushner was using contacts cultivated while working as a White House adviser during Trump’s presidency.
