The UK Serious Fraud Office announced that it had launched a preliminary inquiry today into the UK operations of American International Group's AIG Financial Products Corp. subsidiary.
Its announcement said it is cooperating with U.S. authorities whom, it noted, are already conducting separate, independent investigations involving conduct at AIG Financial Products Corp.
In a financial filing AIG has said it is being looked at by the Securities and Exchange Commission, Department of Justice and FBI over the AIGFP valuation disclosures concerning its portfolio.
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