Kushner firms under investigation over visa program

Investigation on EB-5 program, which offers visas to foreigners in exchange for $500,000 investment

Federal prosecutors are investigating Kushner Companies, the real estate firm owned by the family of Jared Kushner, the president’s son-in-law and senior adviser, over its use of a program that grants visas to wealthy overseas investors.

The authorities, in part, are looking into the role of Mr Kushner’s sister, Nicole Meyer, according to a person familiar with the matter who confirmed the inquiry.

The investigation centres on the real estate company’s use of the so-called EB-5 program, which offers visas to foreigners in exchange for a $500,000 investment. Critics say the program has weak oversight and lax rules.

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