Kushner-backed $500M Trump hotel gets Serbian green light

Serbian officials advanced approvals for a roughly $500 million Trump Tower Belgrade project backed by Jared Kushner's Affinity Partners and Dubai developer Mohamed Alabbar.

What happened

The site is the former Yugoslav Army headquarters bombed by NATO in 1999. Approvals moved forward despite a forged-document controversy involving Serbian officials that had briefly clouded the project's legal status.

Why it matters

Trump's son-in-law and senior adviser stood to profit from a foreign development requiring favorable treatment from the Serbian government while he held a White House advisory role, and approvals proceeded despite documented irregularities.

Source

Reuters (via AOL)