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Donald Trump's adviser resigned ahead of negative magazine story

Billionaire Investor Carl Icahn (EYE'-kahn) Stepped Down From An Unpaid Post As President Donald Trump's Adviser.

PTI | Updated on: 20 Aug 2017, 05:59:12 AM
Donald Trump's adviser resigned ahead of negative magazine story


Billionaire investor Carl Icahn (EYE'-kahn) stepped down from an unpaid post as President Donald Trump's adviser on deregulation efforts just days before The New Yorker was preparing to publish a lengthy article detailing potential conflicts of interest.

Icahn said in a letter to Trump released Friday that he would resign to prevent "partisan bickering" about his role that Democrats suggested could benefit him financially.

The New Yorker was scheduled to post its story online and begin selling printed magazines Monday. The story points out potential conflicts and even possible criminal law violations involving obscure rules that require oil refineries to blend ethanol into gasoline.

Read more: Beijing warns US against investigation into China's IP practices

In his letter, Icahn wrote that he never had access to non-public information or profited from his position.

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First Published : 20 Aug 2017, 05:59:12 AM

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