US EditionJared Kushner Withdraws Trump Hotel Project in Belgrade Amid Corruption Charges
Jared Kushner’s Affinity Partners withdrew from the $500,000 Trump hotel project amid corruption charges against four Serbian officials and ongoing public protests, officials said.
- On Monday, Jared Kushner's Affinity Partners said it was withdrawing from the planned Trump-branded real estate deal in Belgrade, which would have replaced bombed-out buildings near Serbia's government headquarters.
- Following public outcry and resignations, authorities pursued corruption probes as Serbian prosecutors charged four senior government officials over the $500,000 project last month.
- Having worked on the project for more than two years, about six months ago, a top lawyer for Kushner's firm assessed it in Belgrade; the project involved a $4.8 billion private-equity firm linked to a $55 billion buyout.
- The withdrawal effectively dooms a deal described as evidence foreign governments would bend over backward to help the Trump family, a spokesperson said it was out of respect for the people of Serbia and the City of Belgrade, The Wall Street Journal reported.
- Critics in Serbia alleged that President Aleksandar Vučić subverted law to please the White House, while Serbian intelligence agents advised officials not to object, as prosecutors' office continues investigations this year.
59 Articles
59 Articles
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Kushner’s Serbian boondoggle collapses amid corruption scandal
(Photo via TrumpBelgrade.com)This week, Jared Kushner abruptly canceled his plans to build Trump Tower Belgrade after the project became enmeshed in a criminal corruption scandal involving Serbian government officials.Kushner, President Trump’s son-in-law, has resumed his role as one of Trump’s top foreign policy advisers — representing the Trump administration in high-stakes negotiations over Gaza and Ukraine. But Kushner has also continued to …
After protests and investigations, Jared Kushner's company withdraws from a prestigious project in the centre of Belgrade. President Aleksandar Vucic reacts furiously - attacking critics of the project and Serbia's justice.
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