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Nov052017

Commerce Secretary Failed to Report Russian Financial Interests

Nov. 5 (UPI) -- Leaked documents show President Donald Trump's commerce secretary, Wilbur Ross, didn't disclose holdings in a company tied to Russian interests while being confirmed for his Cabinet post.

The 7 million internal documents of Appleby, a Bermuda-based law firm, were leaked to German newspaper Suddeutsche Zeitung and shared with outlets such as NBC News through the International Consortium of Investigative Journalists. 

The documents known as the "Paradise Papers" show Ross retains an interest in a shipping company, Navigator Holdings, which has business ties to, Sibur, a Russian energy firm controlled by Gennady Timchenko, a Russian oligarch subject to U.S. sanctions, as well as Putin's son-in-law, Kirill Shamalov, and other members of the Russian president's inner circle.

The Appleby files also contain references to members of the Trump administration, including chief economic adviser Gary D. Cohn and Secretary of State Rex Tillerson, although there is no evidence of illegality in any of their dealings, according to The New York Times.

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