Kushner Companies: We Weren't Trying To Lure Investors By Mentioning Jared

Nicole Kushner Meyer, the sister of the key White House adviser, raised her brother's connections to the Trump administration while seeking to raise money from Chinese investors through a government visa program for foreigners who invest in U.S. projects.

"Asked why Trump signed a bill allowing the continuation of the investor visa program, a White House spokesman said that Trump had little leeway to adjust a spending bill that was largely assembled by the Obama administration, although Trump did seek to shape the measure in other ways, such as money for the border wall", the Post reported.

The programme designates private entities including property developers as "regional centres", which are expected to create jobs with the projects they undertake with money they collect from foreign investors. At a Sunday presentation in Shanghai, security guards barred all media.

Jared Kushner headed his family's company before going to work for his father-in-law and putting his shares in a trust. The Kushner Companies apologized Monday, saying it had not meant to lure investors by using Jared Kushner's name at an investment promotion event held Saturday at a Ritz Carlton in Beijing.

The EB-5 program allows rich investors to be fast-tracked for USA residency, with a pathway to permanent residency.

But Kushner remains connected to his company, which has continued to seek investment from China despite Jared's role in the Trump administration's China policy.

The company also featured a photo of President Trump on a slide at the event that said "key decision makers" on the EB-5 programme, CNN reported. But try. Kushner Companies has to start by halting all new deals and projects, and the worldwide advertising and investment pitches that go with them.

Neither Kushner Companies nor Qiaowai gave an immediate reply to Quartz's inquiries. It noted the program offers immigrants "a path to a green card if they invest more than $500,000 in a project that creates jobs in the U.S".

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Nicole Meyer, Kushner's sister, said Monday through a spokesperson that she was sorry if anyone misinterpreted her mention of her brother. "That was not Ms Meyer's intention".

Kushner's sister, Nicole Meyer, mentioned him during the event in Shanghai on Sunday, while promoting investments in a Kushner Companies development in New Jersey through the federal EB-5 visa program, which has been widely criticized.

On a big screen, Jared Kushner's previous role in the company and his current role in the Trump administration were highlighted.

KEITH: Steve Park is a partner at the law firm Ballard Spahr and specializes in the EB-5 program, working on both real estate projects and even with some manufacturers.

Lawmakers across party lines have expressed concerns about EB-5 visas for decades.

Now led by Kushner's relatives, the Kushner Companies had earlier been negotiating with China's Anbang Insurance Group to provide what could be hundreds of millions of dollars in equity for redevelopment of a Manhattan office building.

"Chinese people are pretty affluent now", said Stella Guo, a marketing director at CanAchieve Consultants, which helps Chinese clients obtain visas under the EB-5 program.

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