U.S. tax authorities have subpoenaed information from lenders and investors in real estate projects managed by the family of White House adviser Jared Kushner, according to a Bloomberg News report citing a “person familiar with the matter.”
Authorities have gathered information from people who have lent money to or invested in real estate projects in New York and New Jersey, with some of the deals dating back to 2010, according to Bloomberg. The subpoenas have been issued by the Internal Revenue Service and the Department of Justice, the report said.
The tax probe is not directly related to the Russia probe proceeding under special counsel Robert Mueller. According to Bloomberg, the tax investigation began before Mueller’s probe.
Kushner Cos. denies that it is under investigation for tax issues.
“Kushner Cos. is not under investigation for any tax issues. It had no contact with anyone at the IRS or Justice Department Tax Division,” a lawyer for the Kushner family business told Bloomberg.
Jared Kushner stepped down from his role in the family real-estate empire last year when he took on his role in the White House.
The revelation adds to the list of legal probes involving Kushner family businesses. Prosecutors in Brooklyn have requested documents from Deutsche Bank related to property owned by the Kushners. The Securities and Exchange Commission and U.S. prosecutors in Brooklyn have also issued subpoenas related to the Kushner Cos. use of a program that grants foreign investors visas in exchange for large investments in certain U.S. businesses.
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