Jared Kushner’s accounts have become part of a controversy following a Vanity Fair investigation alleging secret financial arrangements involving the US president’s son-in-law and leaders in the Middle East. Kushner has strongly denied the allegations.
The report, written by investigative journalist Matthew Cole and published on 22 October 2026, is an excerpt from his book Princes and Thieves: Jared Kushner and Mohamed bin Zayed’s Secret Plot to Remake the Middle East.
According to the investigation, senior figures in the United Arab Emirates and Saudi Arabia allegedly directed substantial sums to accounts linked to Kushner during Donald Trump’s first presidency.
Cyprus named in alleged money transfers
The report identifies Cyprus as a possible intermediary in an alleged route for transferring money from Israel to other destinations.
Cole cites a person who reportedly worked with Kushner on moving funds from Israel. According to this source, a substantial portion of the money was initially transferred to bank accounts in Cyprus before being moved elsewhere.
However, the report does not name the Cypriot banks allegedly involved or specify the amounts, transaction dates or final recipients. It also does not present bank documents that would allow the claims to be independently verified.
Alleged $1 billion transfer through Azerbaijan
The investigation alleges that approximately $1 billion was transferred from the United Arab Emirates to Israel via Azerbaijan in spring 2018.
According to Cole’s sources, the funds were linked to an account at the Bank of Israel that the author calls “Beta”. One source claimed the money was intended for Kushner’s personal benefit.
Cole also alleges that then-Israeli Prime Minister Benjamin Netanyahu wanted to be informed before any money was transferred from the account.
The report claims that communication took place through David Friedman, who was the US ambassador to Israel at the time. Friedman denied having any knowledge of or involvement in the alleged arrangements.
Dutch intelligence alleged to have accessed Kushner’s phone
The investigation further claims that Dutch military intelligence obtained access to data from Kushner’s mobile phone using information acquired from a Russian hacker allegedly linked to Russia’s military intelligence service, the GRU.
According to Cole, Dutch intelligence personnel monitored images from the phone’s screen and identified access to a UAE bank account.
The account, referred to in the report as “Alpha”, was allegedly held at First Abu Dhabi Bank and linked to the Watani Al Emarat Foundation.
The report claims that around $750 million had been transferred into the account and that Kushner had signing authority, although he was not its formal owner.
Kushner calls allegations false
Kushner has categorically rejected the claims, describing them as completely false.
In comments reported by Forbes, he argued that the author had not produced bank statements, transfer records, account numbers or transaction dates to substantiate the allegations.
Kushner’s lawyer also denied that the alleged accounts existed or that his client had violated US law.
The allegations remain disputed, and the details concerning the accounts and transfers described in the report have not been independently established by the evidence cited in the supplied article.
Also read: Abramovich Deloitte Cyprus case: Watchdog gathers evidence
For more videos and updates, check out our YouTube channel
