Scribes barred from Trump kin’s realty pitch in China
Organisers barred journalists from a publicly advertised event in Shanghai that offered Chinese investors the chance to get US immigrant visas if they put money in a real estate project linked to the family of President Trump’s son-in-law.
By : migrator
Update: 2017-05-07 17:09 GMT
The two-tower luxury apartment complex in New Jersey, One Journal Square, is being developed by KABR Group and the Kushner Companies, which until recently was headed by senior White House advisor Jared Kushner, the husband of Trump’s daughter Ivanka.
The developers are seeking to raise 150 million dollar, or 15.4 per cent of funding for the project, from investors through the EB-5 visa programme, according to marketing materials posted by the event’s organiser, immigration agency Qiaowai. The controversial EB-5 programme allows wealthy foreigners to, in effect, buy US immigration visas for themselves and families by investing at least $500,000 in certain development projects.
“Sorry, this is a private event,” said a man stopping journalists from entering a function room today afternoon at the Four Seasons Hotel in Shanghai. Guests at the event said Kushner’s sister, Nicole Kushner Meyer, spoke about her family’s humble roots.
According to the NY Times, Meyer attended a similar event in Beijing on Saturday and told the audience of about 100 people the project “means a lot to me and my entire family.” Jared Kushner, whose White House portfolio includes relations with China, sold his stake in Kushner Companies to a family trust early this year. His lawyer said in a statement in March that Kushner was fully complying with ethics rules.
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