Oversight Group Calls On DOT To Investigate Elaine Chao’s Corruption Scandal
An oversight on Monday requested that the Department of Transportation (DOT) Inspector General investigate Transportation Secretary Elaine Chao over potential financial conflicts of interest, the Wall Street Journal reports.
As noted by the Journal, Chao promised to divest from paving-materials company Vulcan Materials Co when she was appointed by President Trump in 2017. However, reports emerged this month that she did not sell her shares in the company until June 3 of this year.
Vulcan’s shares rose more than 16 percent while they were in her possession, resulting in more than $50,000 in earnings, according to the report.
Chao is also facing scrutiny after a $78 million scandal surfaced involving her husband, Senate Majority Leader Mitch McConnell.
“Every new story makes it clear that the depths of Secretary Chao’s corruption seem to be never-ending,” Kyle Herrig, Senior Advisor for the nonpartisan oversight group Restore Public Trust, said in a statement taking aim at a number of ethics issues that have been raised regarding Chao.
“Whether it’s helping her family’s shipping business, prioritizing contracts and grants to her state where her husband, the Senate Majority Leader, is running for reelection, or failing to divest her own financial conflicts, instances of Chao’s corruption continue to pile up. Even in an Administration that has shown a disdain for ethics and the rule of law, Chao’s actions stand out.”
“Despite Chao’s pledge to Congress and the American people that she would divest from Vulcan Materials, she failed to do so. The clear conflicts of interest between the work of the transportation department and the work of Vulcan Materials should be fully investigated by the Office of Inspector General immediately.”
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