Wilbur Ross Says 'No Conflict of Interest' on Navigator

The transcript discusses the Paradise Papers, focusing on investments in a shipping firm linked to Russian individuals. The speaker clarifies there are no improper business ties and addresses concerns about disclosure and ethics. They explain the Office of Government Ethics' role in clearing meetings and investments, asserting no conflict of interest exists. The speaker concludes by indicating a likely sale of the stake, unrelated to the controversy.

What is the main clarification provided by the speaker regarding the shipping firm's business ties?

• The firm has direct ties with sanctioned individuals.

• The firm has no business ties with sanctioned Russian individuals.

• The firm is under investigation for illegal activities.

• The firm has ceased all operations with Russian companies.

Where were the speaker's investments disclosed?

• In a private document.

• In a confidential meeting.

• In a press release.

• In public documents and on a government website.

Why does the speaker believe there is no conflict of interest?

• Because they have not disclosed their investments.

• Because they have received a waiver.

• Because they have divested all their stakes.

• Because the shipping industry is not regulated by them.

What is the speaker's response to the question of retaining the investment stake?

• They are under pressure to divest immediately.

• They are considering selling the stake, but not due to the controversy.

• They will definitely keep the stake.

• They have already sold the stake.

What does the speaker say about the ethical considerations of their investment?

• There is an ongoing investigation into ethical breaches.

• There is nothing improper about the investment.

• They have sought a waiver for ethical concerns.

• They have admitted to ethical violations.