Novartis says ended contract with firm linked to Trump lawyer
It was responding to remarks by an attorney for porn star Stormy Daniels that Novartis was among companies that made payments to Cohen`s Essential Consultants outfit in late 2017 and early 2018.
Novartis has ended a contract with a U.S. firm linked to U.S. President Donald Trump`s lawyer, Michael Cohen, and has cooperated with a special counsel looking into potential meddling in the 2016 U.S. election, the Swiss drugmaker said.
It was responding to remarks by an attorney for porn star Stormy Daniels that Novartis was among companies that made payments to Cohen`s Essential Consultants outfit in late 2017 and early 2018.
"In February 2017, Novartis entered into a one-year agreement with Essential Consultants shortly after the election of President Trump focused on U.S. healthcare policy matters. The terms were consistent with the market. The agreement expired in February 2018," Novartis said in a statement on Wednesday.
It reiterated that it engaged Essential Consultants before Vas Narasimhan became Novartis chief executive in February, adding: "Dr. Narasimhan had no involvement whatsoever with this arrangement."
Novartis said it had been contacted in November 2017 by lawyers from Special Counsel Robert Mueller`s office regarding the agreement with Essential Consultants.
"Novartis cooperated fully with the Special Counsel`s office and provided all the information requested. Novartis considers this matter closed as to itself and is not aware of any outstanding questions regarding the agreement."
Daniels, whose real name is Stephanie Clifford, has said Cohen paid her $130,000 in October 2016 to stay quiet about a 2006 sexual encounter she had with Trump.
Russia denies U.S. intelligence agencies` accusations it meddled in the election, and Trump has denied any collusion. He also denies having had an affair with Daniels.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
06:38 PM IST