No probably under the charge against AIG
New York Attorney General Eliot Spitzer reassured business and the link with American International Group, one of crime are not likely to emerge from its investigations division of AIG. In addition, full power to the former AIG Chairman Maurice Greenberg said the leader did not commit fraud and never would have agreed that certain reinsurance transactions, if she thought they were inappropriate. Spitzer a statement that a solution of all civil complaints against AIG was likely given the cooperation of the insurer’s management. “An investigation of American International Group financial transactions and how these operations were procedures,” said Spitzer. “The board and current management of the company are now the cooperation with this investigation. Based on these efforts, and is based on our knowledge on the last day, we believe that a civil resolution with the company ultimately aims to achieve. “Spitzer’s AIG has reviewed the accounting practices at the forefront in the context of reinsurance transactions with General Reinsurance off-shore and other reinsurance companies. Greenberg The former chairman of AIG, resigned after authorities began Probing transactions between AIG and General Reinsurance, thought the transaction was correct and legal, according to his lawyer David Boies. Spitzer and the SEC has been filed, east of reinsurance, which are not exploited for handle risk, but AIG-Finance. Boies said Greenberg did not know the accounting of the product in question. AIG has since acknowledged that the accounting of the General Re reinsurance purchase was improper and that the reinsurers and other employees may be incorrectly represented AIG’s worth of how much net $ 1.7 billion over 14 years. AIG has acknowledged that the General Re transaction-$ 500 million added to its premiums and provisions for claims. Es unwound $ 250 Millionen der letztjährigen Bewältigung der vierten Quartal.
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