Iowa Republican Senator Chuck Grassley, chairman of the Judiciary Committee, has called for a probe into “potentially fraudulent statements and misrepresentations” made by a Chinese company, that is openly promoting investments in property which are partly managed and operated by the family company of White House adviser Jared Kushner.
Reuters has highlighted that Grassley cited one of its news reports in a letter on May 25, to the Department of Homeland Security and the Securities and Exchange Commission calling for the investigation.
The Republican senator is asking the two agencies to review claims made by Qiaowai, the Chinese firm involved, in the marketing and promotion of the One Journal Square project in Jersey City, New Jersey, to potential investors from the Chinese market.
“Given all of these concerns, a closer look at Qiaowai Group and the U.S. Immigration Fund are clearly warranted, as reports suggest both companies have long employed questionable practices,” Grassley wrote.
Kushner Companies and Qiaowai are seeking investors to finance a couple of luxury apartment buildings for what appears to be a part of the EB-5 Immigrant Investor Visa Program. Through this program, immigrants can get US visas in return for a $500,000 investment in a business in the US.
According to a recent report in the New York Times, the Chinese company bragged about its connections to President Donald Trump and promised investors that Trump would make sure their visas will be approved.
Earlier this month, Nicole Meyer, Jared Kushner’s wife came under fire for allegedly using her brother’s position in the White House to attract potential investors.
