AIG Statement in Response to Indictment of David Pinkerton.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (NYSE NYSE See: New York Stock Exchange : AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group ) issued the following statement in response to today's indictment of David Pinkerton in the U.S. District Court for the Southern District of New York: "We note with regret the indictment of David Pinkerton for alleged violations of the Foreign Corrupt Practices Act Foreign Corrupt Practices Act An amendment to the Securities Exchange Act created to sanction bribery of foreign officials by publicly held US companies. Foreign Corrupt Practices Act and other laws in connection with an investment of approximately $15 million made by an AIG subsidiary in 1998. Mr. Pinkerton is a Managing Director of AIG Global Investment Corp., a subsidiary of American International Group, Inc. Mr. Pinkerton is on administrative leave pending resolution of these charges. "The investment in question, which involved an Azerbaijan privatization program, was brought to AIG Global Investment Group by Omega Partners Advisors, a New York investment fund. A subsidiary of AIG participated as a co-investor, investing approximately $15 million out of a total investment by the Omega-led group of approximately $180 million. No assets of AIG clients were invested in this transaction. "When AIG discovered in 1999 that it had been defrauded by Kozeny, AIG and other investors commenced lawsuits in the United States, the United Kingdom and the Bahamas. Kozeny was indicted INDICTED, practice. When a man is accused by a bill of indictment preferred by a grand jury, he is said to be indicted. in 2003 by the New York County District Attorney's Office for this fraud. "AIG's policies forbid the conduct alleged in the indictment, and AIG has cooperated with the investigation conducted by the U.S. Attorney's Office. No charges have been brought against AIG." American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo. |
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