Carl Icahn Subpoenaed By U.S. On Biofuels Dealing

(RTTNews) - Federal investigators have issued subpoenas for information on Billionaire investor Carl Icahn's efforts to change biofuel policy while he served as an adviser to President Donald Trump.

Icahn Enterprises L.P. (IEP) disclosed in a regulatory filing that the U.S. Attorney's office for the Southern District of New York recently contacted Icahn Enterprises L.P. seeking production of information pertaining to the company and Mr. Icahn's activities relating to the Renewable Fuels Standard and Mr. Icahn's role as an advisor to the President.

Icahn Enterprises said, "We are cooperating with the request and are providing information in response to the subpoena. The U.S. Attorney's office has not made any claims or allegations against us or Mr. Icahn. We maintain a strong compliance program and, while no assurances can be made, we do not believe this inquiry will have a material impact on our business, financial condition, results of operations or cash flows."