Wednesday, May 4, 2011

Scweich says Division of Finance is obstructing investigation

JEFFERSON CITY, MO (KRCU) - Missouri's Auditor says the state's Division of Finance is obstructing his investigation into how they're examining banks.

Auditor Tom Schweich has sent subpoenas for bank examination documents to the Division of Finance.

Schweich says records will show whether the Division of Finance is following the right procedures when it's checking up on banks.

In a written statement, the Division said it's against the law to release those records.

But Schweich says his office is allowed to look at them.

"At one point they're saying they can't get us this performance audit, one point they're saying they can't give it to us because they'll go to jail, then they give some of it to us; I mean, what they're doing is obstructing our investigation, there's no other word for it," Schweich said.

Schweich says his office frequently works with confidential records and would enter into a confidentiality agreement.

Andrew Weil, Missouri Digital News


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