The under fire American commerce secretary Wilbur Ross has sold his stake in Diamond S Shipping, but has yet to offload his investment in Navigator Holdings.
Ross’s stake in Navigator was one of the key headlines emanating from the so-called Paradise Papers – a leaked set of 13.4m confidential electronic documents relating to offshore investment havens.
Navigator has close dealings with Sibur, a Russian energy firm whose owners include prominent advisors to – and family members of – Russian President Vladimir Putin.
Interviewed on Monday Ross suggested he was looking at selling his stake in Navigator.
The Center for Public Integrity, however, is reporting that while he has yet to offload his Navigator stake, Ross has sold his entire holdings in Diamond S Shipping earlier this year. Diamond S Shipping was formed in 2011 with an initial outlay of $1.17bn.