AIG agrees to assist regulators

THE investigation into the activities of American International Group (AIG) has taken another twist after the company agreed not to destroy any documents held in its Irish subsidiary.

A statement from new chief executive Martin Sullivan said employees must not steal or destroy any internal documents and must co-operate with regulators who are investigating the company’s transactions.

The company last week sacked a top executive in Bermuda for not co-operating with investigators, including the US Securities & Exchange Commission and the New York Attorney General’s office.