Citigroup Says CEO Was Unaware of Loan When He Met With Kushner
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Citigroup Inc. said Chief Executive Officer Michael Corbat was unaware that the bank was in the process of closing a real estate loan to a Kushner Cos. venture when he met with Jared Kushner.
Corbat requested the March 2017 meeting with Kushner, a senior adviser to President Donald Trump, to discuss U.S. trade policy and didn’t discuss the loan or any personal business with Kushner Cos., the bank’s general counsel said in a letter to four Democratic senators. New York-based Citigroup said the Kushner family has been a client for decades and the loan on a Brooklyn real estate project was made with no input from Corbat.