New allegations regarding financial flows
Jared Kushner, son-in-law of US President Donald Trump and former senior White House advisor, has found himself at the centre of a scandal over possible multi-billion-dollar financial operations. According to journalist Matthew Cole, funds may have been transferred from the UAE and Saudi Arabia to accounts to which Kushner had access. In the author's view, these funds were intended for unofficial foreign policy operations. Kushner himself rejects these allegations.
Information sources and technical details
According to the published information, the investigation became possible thanks to data obtained by Dutch and Russian intelligence services. In late 2017, Dutch security services allegedly gained access to a server located in Rostov, where screenshots from Kushner's mobile phone were stored. Later, a system vulnerability was discovered that allowed the device to be tracked, although, as the journalist notes, this did not enable the activation of the camera or microphone.
Transfer amounts and fund routes
According to Cole's version, during Trump's first presidential term, the UAE and Saudi Arabia transferred at least $2 billion to accounts to which Kushner had access.
- Approximately $750 million allegedly arrived in the account of a charitable foundation at First Abu Dhabi Bank, where Kushner had signing authority.
- Another approximately $1 billion, according to the same version, was transferred via Azerbaijan to a probable account at the Bank of Israel by spring 2018.
The journalist claims that these funds may have been used for unofficial foreign policy operations. Meanwhile, four senior officials of Trump's first administration, including two national security advisors, allegedly did not know about Kushner's access to these accounts. It is worth noting that these statements themselves do not constitute proof of illegal transfers or a personal crime by Kushner.
Kushner's reaction and his defence
Kushner called the published allegations a fabrication. According to him, the author did not provide bank statements, account numbers, or other documents confirming the transfers. He also published his lawyer's answers to 73 questions from the journalist.
The lawyer denied that Kushner ever had an account in Cyprus or received $50 million. According to Kushner's representatives, he is also unaware of any hacking of his phone.
Investment activities after the White House
After leaving the White House, Kushner founded the investment fund Affinity Partners. By June 2025, Saudi Arabia, Qatar, and the UAE had invested over $3.5 billion in this fund.
The fact of these investments does not prove a link to the alleged transfers described by the journalist. However, the fund's financial relations with Gulf states attract attention due to Kushner's previous work in the Trump administration.
Currently, Kushner is participating in negotiations by the US President's administration regarding the war in Ukraine. Therefore, the issue of his financial ties with foreign investors is receiving particular attention in the context of the possible influence of private interests on US foreign policy.
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