EXPOSED
Wilbur Ross Kept Stakes in Firms Co-Owned by China: Report
Commerce Secretary Wilbur Ross failed to keep his promise to divest from his company holdings upon entering government, a Forbes investigation has found.
Ross reportedly kept his stakes in companies co-owned by the Chinese government, a firm linked to Vladimir Putin’s inner circle, and a Cyprus bank caught up in the Robert Mueller investigation.
Forbes reports that Ross’s family continued to have an interest in these holdings while he dealt with China and Russia in his official role, even while knowing that his family’s fortunes were linked to the countries. Although the arrangements appear to be legal, Forbes says Ross may have broken the law by submitting a sworn statement to officials in November saying he divested of everything he promised he would. His spokesperson insisted: “The secretary did not lie,” adding that Ross has filed amended paperwork that is under review by the Office of Government Ethics.
Read it at Forbes
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