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Ongoing Story· Today

Book Claims Kushner Had Access to Secret UAE Funds, Netanyahu Urged Israeli Bank Placement

3 developments

Kan NewsSecurity

Report: Kushner Held $1 Billion in Israel with Netanyahu's Alleged Encouragement

Translated & summarized from Kan News by baba

PublicCharged tone

Hebrew · 2 newsrooms covering

A new book claims Jared Kushner held a $1 billion account in an Israeli bank, funded by Saudi Arabia and the UAE, with Prime Minister Benjamin Netanyahu's alleged encouragement. The funds were reportedly moved through a secret mechanism involving accounts in Abu Dhabi and Israel, with Netanyahu seeking to obscure the money's origin. Kushner and former Ambassador David Friedman have strongly denied the allegations, calling them false and baseless.

The story in 6 lines · by baba

  • Jared Kushner allegedly held a $1 billion account in an Israeli bank with Saudi and UAE funds.
  • Prime Minister Netanyahu reportedly encouraged Kushner to deposit the funds in Israel.
  • The book "Princes and Thieves" by Matthew Cole details the alleged secret financial dealings.
  • Dutch intelligence reportedly gained access to Kushner's iPhone, revealing the transactions.
  • Kushner and former Ambassador David Friedman have denied all allegations.
  • The funds were allegedly moved through Cyprus for personal use.
Report: Kushner Held $1 Billion in Israel with Netanyahu's Alleged Encouragement
Editorial illustration generated by baba News, not a photograph of the event.

A new book alleges that Jared Kushner, former President Donald Trump's son-in-law, held a private account in an Israeli bank containing $1 billion from Saudi Arabia and the UAE, with the encouragement of Prime Minister Benjamin Netanyahu. The book, "Princes and Thieves" by Matthew Cole, relies on intelligence information and confidential sources, notably a 2018 hack of Kushner's iPhone by Dutch intelligence (MIVD) with the help of a Russian hacker. This breach reportedly revealed that UAE ruler Mohammed bin Zayed and Saudi Arabia's Crown Prince Mohammed bin Salman transferred at least $2 billion to funds and accounts managed by Kushner.

The funds were allegedly split between two main accounts: "Alpha," holding $750 million for Middle East political activities and managed through a UAE charity, and "Beta," containing approximately $1 billion in Saudi and Emirati funds. The Beta account, according to the book, was secretly managed in an Israeli bank via Azerbaijani mediation, intended for Kushner's personal benefit.

According to the report, Prime Minister Netanyahu allegedly encouraged Kushner to deposit the $1 billion from the UAE into an Israeli bank account, disguised as a government account, to obscure the link between the funds and Kushner. The book claims Netanyahu required Kushner to inform him of any transactions from this account, with messages relayed through then-US Ambassador to Israel David Friedman. Funds were allegedly moved from the Israeli account through Cypriot banks to other global destinations to facilitate untraceable personal use.

Kushner's attorney has vehemently denied all allegations, stating Kushner has no connection to the accounts and acted legally and in full coordination with President Trump. Former Ambassador Friedman also called the claims "100% false" and denied any knowledge or involvement. Kushner himself posted on X, calling the Vanity Fair excerpt "outrageous and completely false accusations" and a "mixture of fantasy, fiction and fairy tales."

Kan NewsCentre · Jerusalem

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