“We have not been notified, nor are we aware, of a formal investigation by the inspector general,” Commerce Department spokesperson James Rockas said in a statement. (The same senators also requested an investigation of Ross, who initially retained an estimated $3.4 million stake in the company, Navigator Holdings, but has since sold it.) From 2014 to 2016, Navigator did $68 million worth of business with a Russian petrochemicals company named Sibur. The Commerce Department spokesperson confirmed that Teramoto had not sold her Navigator stake or interests in WL Ross funds that held other shipping companies, such as Diamond S. Shipping. If it does, you commit a crime.”Teramoto’s role inside the Commerce Department — and when she signed on — remains a bit of a mystery.

Source: Forbes December 21, 2017 13:52 UTC