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Jared 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.
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Successful protest in Serbia: Jared Kushner's investment firm Affinity Partners will not build a luxury hotel at a memorial site in Belgrade. President Vučić scolds for the »incitement of blockers«.
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Serbian President blames 'witch hunt' for ditched Kushner hotel plan
Plans to build a hotel on the site of Belgrade's bombed-out Yugoslav army headquarters have been dumped, the country's President said Tuesday, blaming a "witch hunt" for scaring away the investment firm linked to Donald Trump's son-in-law.
Coverage Details
Total News Sources40
Leaning Left13Leaning Right4Center5Last UpdatedBias Distribution59% Left
Bias Distribution
- 59% of the sources lean Left
59% Left
L 59%
C 23%
R 18%
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