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Tanuki

(14,961 posts)
Sun May 19, 2024, 08:18 PM May 19

Jared's $500 million real estate graft from Serbian govt [View all]

https://newrepublic.com/post/181657/jared-kushner-foreign-investment-deal-serbia?utm_source=Twitter&utm_campaign=SF_TNR&utm_medium=social

"Jared Kushner secured a massive $500 million contract with the state of Serbia to build a hotel on the memorialized ruins of a former military base in Belgrade, The New York Times reported Thursday.

The announcement of the contract reportedly provoked protests in Belgrade against the deal, which is being bankrolled by Kushner’s Saudi-backed investment company, Affinity Partners. In defense of the contract, a Serbian government official described Kushner’s company primarily funded by foreign interests as a “reputable American company.”

This is one of the biggest investment deals Kushner has landed while his father-in-law, Donald Trump, runs for president.

Prior to approval of the contract, public officials in Serbia heavily opposed the deal for its insensitivity and potential for political manipulation. Serbian politician Borko Stefanovic described the location as “one of the pearls of pre-war architecture” to The Daily Beast, noting, “Most Serbs believe this site should not be desecrated in any way.”... (more)
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