An investigation by the US Senate has revealed details related to the project of Jared Kushner’s “Affinity Partner” company, the son-in-law of former President Trump, to invest in a luxury resort in Sazan e Zvrnec as well as in Serbia.
The ongoing investigation by US Senate Finance Committee Chairman Ron Wyden, D-Ore., shows that government officials in Albania and Serbia approached the firm about possible partnerships in real estate deals.
“Affinity told the Committee that government officials in Albania and Serbia approached the firm about possible partnerships in real estate deals. (Affinity did not release the identities of those Albanian and Serbian officials.) Affinity also confirmed that these foreign governments will have full control over all decisions regarding permits, local taxes and licenses needed for the projects to move forward, giving them significant control over a lucrative Trump family investment.
Affinity confirmed that an upcoming Belgrade project, on the site of a former NATO bombing, will include a museum that has been described as a monument to “victims of NATO aggression”.
Affinity confirmed that its investors can renegotiate their investment agreements or withdraw all their funds after their initial five-year investment period ends in August 2026, amid a possible second Trump term in office. This would give foreign governments and entities unusual influence over the finances of the sitting president’s family, should he be elected, even beyond the influence they had and exercised in his first term,” it says, among other things in the investigation.
Some key points of inquiry include:
– Affinity charges the Saudi Arabian Public Investment Fund an annual fee of 1.25% over $2 billion, and up to 2% for other investors.
– The firm has not produced a return on investment until July 2024, despite high fees.
– There is heavy dependence on foreign governments, such as Albania and Serbia, for real estate projects, giving them control over important decisions.
– A project in Belgrade includes a museum for “victims of NATO aggression”.
– Foreign investors may withdraw their funds in 2026, affecting the finances of the Trump family.
– Ties to foreign governments suggest Affinity may be a scheme to circumvent US laws like FARA.
