Financing of Trump Tower Vancouver under Federal Bureau of Investigation scrutiny
01:39, Mar 4, 2018
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CNN has learned US counterintelligence officials are scrutinizing one of Ivanka Trump's global business deals.
The FBI has begun to investigate Ivanka Trump's business dealings, along with the financing of the year-old Trump International Hotel and Tower in Vancouver, British Columbia, CNN reported Thursday night.
The tower attracted foreign buyers quickly after it opened, CNNreported, though the network noted that it was not clear why investigators have focused in on the project.
It's part of the standard procedure required for background checks, but it could end up being a hurdle for the first daughter, whose husband Jared Kushner, is also being looked into by the Federal Bureau of Investigation.
'CNN is wrong that any hurdle, obstacle, concern, red flag or problem has been raised with respect to Ms Trump or her clearance application, ' Peter Mirijanian said in a statement to CNN. She was not present at the opening, having gone on leave from the Trump Organization when her father was about to take office.
It features an "Ivanka Trump" branded spa and the first daughter played a key role in negotiating the deal.
The White House, the FBI, and the Holborn Group which owns the Vancouver project have all refused to comment regarding the report on Ivanka Trump's investigation. According to reports, the fact that it was one of the significant Trump family projects to have been inaugurated after the president took office could be one of the reason behind FBI's interest. The Trumps do not own the property but receive fees from licensing the Trump name for the property, a common arrangement in the Trump businesses. Donald Trump Jr. and Eric Trump were on hand for the opening ceremonies of the hotel exactly one year ago. CNN says that the Trump Organization has received $5 million in royalties and $21,500 in management fees.
Alan Garten, executive vice president and chief legal officer for the Trump Organization, told the channel that, "the company's role was and is limited to licensing its brand and managing the hotel".
The report comes just days after Trump's son-in-law and adviser Jared Kushner, Ivanka's husband, had his White House security clearance downgraded, preventing him from viewing top secret materials he has previously been privy to.
"Ultimately it's about aligned visions", Ivanka Trump.
In May 2017, the Wall Street Journal reported that the developer of a Trump building in Toronto poured $65 million into the project after receiving hundreds of millions of dollars from a Russian bank.
Ivanka and Joo Kim worked closely together on the Vancouver property, according to CNN. In other words: "no one else is in the room, you have to understand that", Joo Kim said.
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We'll see partly sunny skies on Wednesday as we will stay in the 30s before climbing into the 40s on Thursday . Be sure to check back for regular forecast updates, as this active weather pattern hangs around.