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. Last Updated: 07/27/2016

AIG Says Documents Taken From Its Office

NEW YORK -- American International Group said had it had become aware of efforts to remove documents and information from its Bermuda building without permission.

In a letter to shareholders dated April 3, AIG president and CEO Martin Sullivan said the insurer, which faces regulatory probes into a number of its transactions, had brought the incidents to the attention of the authorities.

Sullivan said AIG had been cooperating with the New York Attorney General and the U.S. Securities and Exchange Commission with regard to document security in New York, Bermuda and other locations.

AIG has been under investigation by state and federal authorities over transactions ranging from a 2000-2001 deal with Warren Buffett's Berkshire Hathaway to dubious relationships with offshore reinsurers.

Fallout from the probes has prompted the resignation of longtime AIG chairman Maurice "Hank" Greenberg. AIG boosted security at its Bermuda office over concerns that evidence related to the investigations could be destroyed. But the Wall Street Journal has reported that a lawyer for Greenberg carted boxes of documents out of an AIG office before extra security was put in place.

The company has fired its Bermuda-based legal counsel Michael Murphy for "failure to cooperate with governmental and regulatory inquiries," and three legal staffers based in Bermuda quit their jobs over an investigation into accounting practices.

"We have been working closely with regulators and other authorities to ensure that everyone throughout the organization complies with AIG's policy of full cooperation with all investigative efforts," Sullivan wrote.