S WL Ross & Co is Na

S. WL Ross & Co. is Navigator’s largest shareholder owning 394 percent of Navigator through companies it controls After he became commerce secretary Ross kept a personal financial interest in some of those entities but resigned from managing them Those in which he retained a stake account for four-fifths of the overall 394 percent Federal ethics law requires officials to recuse themselves from matters that would have “a direct and predictable” effect on the official’s or a family member’s financial interest Recusal is also required if the official has a close relationship that might cause a reasonable person to doubt the official’s impartiality During his confirmation hearings Ross sought to reassure senators that he would avoid conflicts of interest between his business holdings and his Cabinet post “I intend to be quite scrupulous about recusal and any topic where there is the slightest scintilla of doubt” he said Click here for full coverage on Paradise Papers Bastian Obermayer Frederik Obermaier Rigoberto Carvajal and Inti Pacheco also contributed to this story For all the latest World News download Indian Express App More Related News” he said.

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1:55 pm:?Sangeeta Bhatia.