Korea Aerospace Industries to transfer large amount of money to consulting company related to sex controversy of President Trump
Korea Aerospace Industries to transfer large amount of money to consulting company related to sex controversy of President Trump
  • Lee Jun-sung
  • 승인 2018.05.11 09:34
  • 댓글 0
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Trump’s private lawyer paid a large amount of money to a porn actress known to have had sex with US President Trump in the past for her to ‘stay quiet’, and it has also been confirmed that Korea Aerospace Industries’ funds have also been flowing into the same account. 

Trump’s personal lawyer, Michael Cohen, paid 130,000 dollars to porn actress Stephanie Clifford in October 2016, just before the elections, on condition that she would not disclose her sexual relationship with President Trump. 

At that time, KAI’s funds flowed into the same account that Cohen sent to Clifford. Last November, KAI sent 150,000 dollars to Cohen’s account. 

Recently, some foreign media, including the New York Times, reported this issue, but KAI did not confirm to the press whether the money was transferred. 

A KAI official, however, admitted on a phone interview on May 9th that, “KAI sent 150,000 dollars to Cohen’s Essential Consultant account.” The official further added, “We needed legal advice from a US consulting firm to change our accounting standards to international accounting standards. The 150,000 dollars were paid for legal advice only. It was just a coincidence to ask Cohen’s agency for advice.”

Bloomberg reported on May 9th, “We identified the Korean company that has traded through Cohen’s account. KAI, which is pushing to sell its aircraft to the United States, hired Cohen’s corporation to receive advice on local accounting standards.” 

According to media sources, Clifford’s lawyer Michael Avenatticonfirmed that KAI, AT&T, and Novartis transferred money to Cohen’s First Republic Bank account, which opened in October of 2016. 

KAI currently supplies aircraft parts to Boeing and Airbus SE, and also supplies wing parts for the A320. In particular, KAI reported to the media that the T-50 advanced trainer jets developed with Lockheed Martin have been sold to the Korean Air Force, the Philippines, and Indonesia, and that it will also produce turbo propeller trainer aircrafts and helicopters.

KAI is competing with Boeing, which is working with Saab AB, by selling T50A jets jointly with Lockheed Martin in the 16 billion dollar U.S. trainer jet program.

Meanwhile, Bloomberg reported that the Export-Import Bank of Korea, the largest shareholder of KAI, declined to comment on the relationship between KAI and Cohen. 


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