Commerce section pushes back on report Ross has business links by Putin family

collected by :Dicson Walt

Yet it wasn't immediately clear the method many partners Ross perhaps have or what the profit-sharing licence perhaps be. ICIJ discovered the Ross holding as fraction of reporting on 13.4 mn records of offshore entities in tax havens leaked to German newspaper Süddeutsche Zeitung. The newspaper then shared the records by ICIJ & a network of further than 380 journalists in 67 countries. Big investments in 2 unite states technology companies from a Russian Gov bank & Russian energy giant too have come to light. In the status of Ross, the ICIJ announced Navigator's Russian customer, Sibur, has releation to Putin in addition to his son-in-law.


Trump commerce secretary's business links by Putin family laid out in leaked files

Leaked documents & public filings display Ross holds a stake in a shipping company, Navigator, out of a chain of offshore investments. By January 2012, having built up his holding in the Russian company, Shamalov, then 29, was made its deputy chairman. His private equity firm, WL Ross, earned him a reputation as a ruthless corporate raider. One leaked file told WL Ross was between Appleby's highest twenty clients with total billings. The discound brought in about $420m for Ross's firm, that had not discovered the method much it paid a decade earlier.

Trump commerce secretary's business links with Putin family laid out in leaked files




Documents detect Wilbur Ross's business correlation to Putin pals

As it stated in NBC break news announced which the billionaire Ross retains an interest in Navigator Holdings, a shipping Corporation whose generality important business relationships involve a Russian petrochemical giant, SIBUR, whose owners involve people attached to Putin. The documents were too shared with the International Consortium of Investigative Journalists, which gave NBC break news access to some of the documents. But in a statement issued out of a Commerce section spokesman to CNBC, Ross told which he recuses himself as Commerce secretary from any matter regarding transoceanic shipping. The spokesman too told which Ross has never met any of the Russian oligarchs mentioned in NBC's story. And the spokesman told which "no funds managed with his [Ross'] Corporation ever owned a majority of Navigator shares."






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