Paradise Papers

ICIJ

Wilbur Ross May Give Up Stake in Firm with Russia Ties

Ross May Give Up Stake in Firm with Russia Ties U.S. Commerce Secretary Wilbur Ross said he would “probably not” keep his stake in a shipping company that earns millions of dollars from an energy company whose key owners include Russian President Vladimir Putin’s son-in-law and two Russian oligarchs. “I’ve been actually selling it anyway, but that isn’t because of this,” Ross said in an interview with Bloomberg Television a day after the International Consortium of Investigative Journalists an
ICIJ

Paradise Papers: Senators call for probe as Ross plans divestment

United States Commerce Secretary Wilbur Ross confirmed on Tuesday he will divest his stake in shipping firm Navigator Holdings, as a group of Democratic senators formally requested an investigation into Ross’ financial holdings and potential conflicts of interest. Commerce Department spokesman James Rockas confirmed the plan to divest in response to questions from the International Consortium of Investigative Journalists. The news comes the week after ICIJ, the New York Times and other media pa
ICIJ

Questions Remain Over Wilbur Ross' Disclosure As He Confirms Divestment

Questions Remain Over Ross’ Disclosure As He Confirms Divestment U.S. Commerce Secretary Wilbur Ross has sold his stake in a shipping firm with Russian business connections, but questions remain over whether the public and senators voting on his confirmation were given enough information prior to approval of his appointment to the cabinet. The news of the divestment from a Commerce Department spokesperson comes just weeks after the International Consortium of Investigative Journalists (ICIJ) a