Senior US Democrat Jamie Raskin has demanded that Jared Kushner withdraw from Middle East and Ukraine negotiations and disclose financial records following disputed allegations about secret foreign government-linked bank accounts.
The demand, announced on 30 October 2026 by the Democratic minority on the US House Judiciary Committee, follows claims in investigative journalist Matthew Cole’s recently published book Princes and Thieves. Kushner has firmly denied the allegations, calling them false and defamatory.
What Congress is demanding
Raskin, the ranking Democrat on the House Judiciary Committee, called for Kushner to recuse himself from diplomatic negotiations involving the Middle East and Ukraine. He also requested financial records to examine possible foreign payments and whether foreign intelligence services might have obtained compromising information.
The announcement is a demand from an opposition lawmaker, not a finding by Congress that misconduct occurred. It does not establish the existence of the alleged accounts.
What the book alleges
An extract published by Vanity Fair describes allegations that intelligence obtained from a compromised phone exposed financial arrangements involving people connected to the United Arab Emirates and Saudi Arabia during Kushner’s first period working in the White House.
Cole’s account alleges access to multiple foreign accounts associated with sums totalling approximately $2 billion. The extract also describes purported intelligence activity involving Russian and Dutch operatives. These remain claims attributed to Cole’s reporting: the published extract does not independently establish that Kushner controlled or received the money.
Kushner’s response
Kushner has published a detailed response from his lawyer, dated 10 August and made public on 22 October. His legal representative says Kushner had no knowledge of, access to or involvement with the alleged accounts and insists that they never existed.
The response also states that Kushner was not informed that his phone had been hacked while he served in government, and rejects suggestions that he secretly negotiated financial arrangements with foreign leaders.
His lawyers have challenged the substantiation of the reporting and reserved the right to pursue legal remedies. Their denial is material to evaluating the story, not a minor qualification.
The separate $2 billion Saudi investment
The disputed allegations should not be confused with a previously reported and scrutinised $2 billion investment commitment from Saudi Arabia’s sovereign wealth fund to Affinity Partners, the investment firm Kushner established after leaving the White House in 2021.
That business investment is a separate transaction. Its existence does not establish Cole’s allegations about secret accounts or payments while Kushner held a government role.
What is confirmed and what remains unknown
It is confirmed that Cole’s allegations have been published, Kushner has denied them and Raskin has issued a public demand for recusal and records. It is not established from the publicly available material that the alleged secret accounts existed, that Kushner received the alleged payments or that he committed a criminal offence.
Fish 4 News has not identified a criminal charge resulting from these specific allegations. Raskin’s request may prompt further scrutiny, but a request for documents is not evidence that the underlying claims are true.
