"Pentagon spokesman Sean Parnell demanded the immediate retraction on Monday after The Financial Times reported that a wealth manager for the defence secretary contacted BlackRock about making a multimillion-dollar investment in a defence-related fund in the weeks leading up to the war."
"This allegation is entirely false and fabricated. Neither Secretary Hegseth nor any of his representatives approached BlackRock about any such investment, Parnell said in a post on social media."
"Hegseth and his department remain unwavering in their commitment to the highest standards of ethics and strict adherence to all applicable laws and regulations, Parnell said."
"The report comes amid scrutiny of well-timed trades in financial and prediction markets that have fuelled speculation that figures with insider knowledge may be profiting off of US President Donald Trump's war plans."
The US Department of Defense has called for the retraction of a report claiming that a broker for defense chief Pete Hegseth sought a multimillion-dollar investment in weapons companies before the war on Iran. Pentagon spokesman Sean Parnell stated that the allegation is false and fabricated, asserting that neither Hegseth nor his representatives contacted BlackRock regarding such an investment. The broker at Morgan Stanley did not proceed with the investment due to its unavailability. The report has raised concerns about potential insider trading related to US military actions.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]