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You are here News International South Korea's KAI says paid firm of Trump's lawyer $150,000 for accounting advice

South Korea's KAI says paid firm of Trump's lawyer $150,000 for accounting advice

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Korea Aerospace Industries paid $150,000 to Cohen's shell co.South Korea’s Korea Aerospace Industries Ltd (KAI) said on Wednesday it paid $150,000 for consulting services on accounting matters to a firm set up by U.S. President Donald Trump’s private lawyer Michael Cohen.

The arrangement came as the company, backed by state-owned Export-Import Bank of Korea, competes to sell trainer jets to the U.S. Air Force in an auction that could be worth up to $16 billion.

Payments by KAI and other companies including Novartis AG to Essential Consultants, a company that also paid porn star Stormy Daniels $130,000 in October 2016 just before the U.S. presidential election, were described on Tuesday by her lawyer Michael Avenatti.

Avenatti also detailed payments by a company with ties to a Russian oligarch who has been sanctioned by the United States to punish Moscow for activities that included suspected meddling in the 2016 U.S. election.

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