Treasury Secretary Steven Mnuchin’s fiancée will sever ties to the Hollywood business Mnuchin as soon as headed.
Louise Linton plans to step down from her place as interim CEO of Dune entertainment, a film financing firm, consistent with a letter from Treasury reviewed by CNNMoney.
Linton took excessive spot at Dune entertainment past this 12 months, as Mnuchin headed for Washington.
news that Linton plans to resign comes two weeks after Senate Finance Committee member Ron Wyden, a Democrat, despatched a letter to a Treasury ethics official questioning her function at the company.
in the letter dated may 10, Wyden expressed difficulty that putting Linton within the CEO spot at Dune “undermined” Mnuchin’s efforts to divest from the industry. Wyden also questioned whether it violated the ethics settlement Mnuchin signed after he was once used to be selected by President Trump to run Treasury.
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Treasury answered in a may 23 letter to Wyden, announcing Linton has been serving in an “uncompensated capacity” and “has no private monetary pastime in Dune leisure or its associated entities.” It additionally stated that Linton would resign from the CEO role once Mnuchin’s divestment was once complete.
In his ethics settlement, Mnuchin stated he plans to fully divest from Dune entertainment and from Ratpac-Dune, a partnership Mnuchin co-founded in 2013 that has backed a few outstanding movies, by way of next month.
it can be unclear where Mnuchin is in the strategy of severing those ties. Mnuchin’s spokesperson did not immediately respond to requests for remark.
Linton’s publicist and Dune entertainment additionally did not respond to inquiries from CNNMoney.
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This is not the primary time Mnuchin’s ties to the entertainment trade have raised ethical questions.
In March, Mnuchin used to be criticized for appearing to recommend “The Lego Batman movie,” a movie produced via Dune, in an interview with Axios. He later admitted in a letter to the pinnacle of the administrative center of presidency Ethics that he “must not have made” certain comments in regards to the film.
Mnuchin, a former Goldman Sachs government, holds pursuits in dozens of different companies that he’s divesting from.
–CNN’s Sandra Gonzalez contributed to this document.
CNNMoney (big apple) First printed may 26, 2017: 4:fifty nine PM ET
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