(Bloomberg) – Carl Icahn's role as a special regulatory adviser to President Donald Trump has ended after questions were raised by Democratic lawmakers about potential conflicts of interest with his business dealings in oil refining and insurance.
In a letter to Trump addressing his departure that was posted Friday on Icahn's website, the billionaire investor denied profiting from his advice-giving role — a possibility raised by critics who had asked administration officials to investigate his work.
"Contrary to the insinuations of a handful of your Democratic critics, I never had access to nonpublic information or profited from my position, nor do I believe that my role presented conflicts of interest," Icahn wrote in the letter. "Indeed, out of an abundance of caution, the only issues I ever discussed with you were broad matters of policy affecting the refining industry."
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