The reporter, Jay Solomon, was WSJ’s “chief foreign correspondent reporter” until it was revealed that one of his primary sources, Farhad Azima, known for being an arms-dealer relative to the CIA, offered Solomon a stake in a company of his.

The Hill reports:

The Wall Street Journal has fired one of its top reporters after an Associated Press investigation revealed he had engaged in questionable business arrangements with a source.

Jay Solomon, the paper’s chief foreign correspondent, was let go after the AP revealed one of his sources, Farhad Azim, a CIA arms dealer, had offered him a stake in one of his companies.

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“I clearly made mistakes in my reporting and entered into a world I didn’t understand.” Solomon told the AP. “I never entered into any business with Farhad Azima, nor did I ever intend to. But I understand why the emails and the conversations I had with Mr. Azima may look like I was involved in some seriously troubling activities. I apologize to my bosses and colleagues at the Journal, who were nothing but great to me.”

The Wall Street Journal said in a statement it was “dismayed” by Solomon’s actions and “poor judgment.”

“While our own investigation continues, we have concluded that Mr. Solomon violated his ethical obligations as a reporter, as well as our standards,” the paper said.