The bank has faced questions about its dealings with Kushner Cos. following a White House meeting between its chief executive and Mr. Kushner. On March 3, 2017, Citi Chief Executive Michael Corbat met with Mr. Kushner, President Donald Trump’s son-in-law and a senior adviser to the president. “Nothing related to the [Brooklyn] loan or any other personal business with Mr. Kushner or the Kushner Companies was discussed at that meeting,” Citigroup said. In its letter, Citigroup also disclosed that it had “recently completed” another loan on a Kushner Cos. property, one in which the real-estate company has a 12.5% stake. On Wednesday, a company spokeswoman said Kushner Cos. had paid back its EB-5 investors in Trump Bay Street using the $200 million Citigroup loan.

Source: Wall Street Journal March 21, 2018 15:10 UTC