Kushner's firm received loan from Deutsche Bank

Jared Kushner

Given the size, the time it was granted-as Kushner worked both for President Donald Trump's campaign and his company-and Kushner's decision not to disclose, the loan is reigniting questions about whether the Trump family's businesses represent a conflict of interest.

Kushner signed on as a personal guarantor for the loan, which his firm reportedly wanted to use to refinance property it owns in Manhattan.

His contacts with Russia have come under scrutiny amid reports he met with Russian ambassador Sergey Kislyak and Russian banker Sergey Gorkov ahead of Trump's inauguration, at one point suggesting establishing back channel communications with the Kremlin.

At the same time, Deutsche Bank was facing a mortgage fraud case in NY and other charges for its alleged links to a Russian money-laundering scheme.

The loan came in as Deutsche Bank, which is the Trump family's biggest lender, was under investigation by New York State regulators for a suspected money-laundering scheme tied to the Russian government.

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Deutsche Bank representatives declined to comment. The Justice Department did not respond to a question about whether it is following up on the money-laundering settlement that Deutsche Bank reached with NY state regulators in December. The Democrats were stymied by Deutsche, which claimed US laws hindered it from sharing client information with governments, an assertion Democrats claimed was a misrepresentation of the law. The Democratic letter also raised the possibility that the bank had conducted a similar review of Kushner - without mentioning his name - by referring to a review of accounts "held by family members, several of whom serve as official advisers to the president". Later that month, it was hit with a $425 million fine by the New York Department of Financial Services over its involvement in a Russian mirror-trading scheme that allowed investors to shift $10 billion out of Russia. According to a Sunday report by the Washington Post, Kushner made a personal guarantee on the loan, but didn't offer this information on the financial disclosure form with the Office of Government Ethics.

An attorney of Kushner's explained that the president's son-in-law wasn't required to disclose the loan information because of "published guidance" from the ethics office stating clearly "that filers do not have to disclose as a liability a loan on which they have made a guarantee unless they have a present obligation to repay the loan".

However, a former ethics official told the Post that he would have personally recommended that Kushner declared the loan because of the amount and the implications of him being the guarantor.

Jared Kushner did disclose with the OGE that he and his mother did have a personal line of credit with the German bank up to $25 million.

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