(JTA) – Jared Kushner’s family real estate business wants to raise at least $100 million in capital through Israel’s bond market, according to papers filed near the end of his tenure as President Donald Trump’s main Israel and Middle East adviser. The Wall Street Journal reported on Dec. 29 that Kushner Cos. would sell the bonds on the Tel Aviv Stock Exchange.

During his four years as a senior adviser to his father-in-law, President Donald Trump, and a leader of the administration’s Middle East policy team, Kushner has been accused of using his political position for his company’s financial gain through multiple loans that Kushner Cos. or close business allies have received through government lenders. Kushner Cos., which the Journal reported owns billions of dollars worth of U.S. properties, has carried over $1 billion in debt for years.

Although Kushner sold the majority of his stake in the company to family members at the beginning of Trump’s term, some insist that conflicts of interest have persisted. The timing of the Israel bonds move could give Kushner’s critics more ammunition, the Journal and Bloomberg report. Kushner has helped spearhead a series of moves that have been applauded by the conservative pro-Israel community, including moving the U.S. Embassy to Jerusalem from Tel Aviv and recognizing Israeli sovereignty in disputed areas such as the Golan Heights. Kushner also has close ties to Israel’s prime minister, Benjamin Netanyahu. Bloomberg pointed out Kushner was in Israel a week ago on a diplomatic mission.

Main Photo: Jared Kushner speaks at a news conference with Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Dec. 21, 2020. (Ronen Zvulun/AFP via Getty Images)