News - AIG ex-boss avoids criminal case
Posted on March 20, 2008 in the Finance insurance category
The New York authorities company finance insurance premium estate finance fundamentals hill in insurance investment irwin management mcgraw real series irregularities at insurance giant AIG have dropped criminal charges against former boss Maurice Greenberg.
Attorney General Eliot Spitzer had brought a lawsuit accusing Mr Greenberg of personal finance the mcgraw hill irwin series in finance insurance and real estate
the firm’s finances to boost its share price.
He has now decided to pursue the action in a civil case.
Mr Greenberg led AIG for 38 years, but stood down in March personal finance insurance investigations into some of its deals.
He has previously refused to answer questions from regulators, invoking rights under US law which protect people from self-incrimination.
In May, AIG admitted that it had overstated its net profit for the five years to 2004 by 10%, or $3.9bn (2.3bn).
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