Jared Kushner, US President Donald Trump’s son-in-law and former adviser, has rejected allegations of secret financial arrangements involving the United Arab Emirates (UAE) and Saudi Arabia. The claims appear in an excerpt from investigative journalist Matthew Cole’s upcoming book, Princes and Thieves: Jared Kushner and Mohamed bin Zayed’s Secret Plot to Remake the Middle East, published by Vanity Fair.

Cole alleges that at least $2 billion was placed in accounts linked to Kushner. Kushner has dismissed the allegations as false and challenged the evidence supporting them.

Cole alleges that Dutch intelligence officials obtained screenshots from Kushner’s iPhone while investigating a Russian military intelligence hacker.

“The Dutch government had hacked into Jared Kushner’s phone and monitored him as he accessed a Dubai-based bank account.”

Cole further claims that the account received hundreds of millions of dollars from a bank in Azerbaijan.

The book excerpt alleges that the financial arrangements involved Kushner, UAE President Mohamed bin Zayed and Saudi Crown Prince Mohammed bin Salman during Trump’s first administration.

According to Cole, one account at First Abu Dhabi Bank received around $750 million. Another allegedly involved a transfer of about $1 billion to Israel through Azerbaijan. The excerpt also describes a separate transfer linked to defence arrangements between Israel and the UAE.

The allegations raise questions about potential conflicts of interest and financial disclosures during Kushner’s time in the White House. However, the claims have not been established as facts.

“By giving him access to roughly $2 billion, regardless of how the money was used, MBZ and MBS were paying for his influence within the US government,” according to the report.

Responding to the Vanity Fair excerpt on X, Kushner strongly denied the claims.

“The allegations made by this author are completely insane and never happened,” he said, accusing Cole of failing to provide supporting evidence.

“No bank statements, wire transfer records, account numbers, transaction dates, or other verifiable details were provided to support these extraordinary accusations,” Kushner said.

Kushner also cited the investigations and scrutiny he faced during Trump’s first presidency.

“I voluntarily cooperated with these investigations, providing over 30 hours of testimony,” he added.

He said investigators had never uncovered such allegations during those inquiries, maintaining that the events described never happened. He accused Cole of presenting false claims as investigative reporting.

“These are outrageous fabrications being presented as investigative journalism. This is not journalism,” he said. Kushner described the book excerpt as “a mixture of fantasy, fiction, and advocacy” and questioned the author’s motives.