Two top Republicans allege that GM executives have been destroying documents and other records which may shed light on corporate decisions that have spurred investigations into the company by a House oversight committee. The accusation came via a letter to Ed Whitacre, from U.S. Rep. Darrell Issa, R-Calif., and U.S. Rep. Jim Jordan, R-Ohio. The Congressmen asked that GM stop destroying documents linked to its commercial touting the repayment of $6.7 billion in federal loans, which has come under much public scrutiny.
“In light of these ongoing investigations, we are deeply disturbed to learn that GM is engaging in a continuous process of destroying documents relevant to the Committee’s oversight efforts,” they wrote in the letter, made public today.
A GM spokesperson has said that GM”s document retention policies are lawful, and that the company will respond appropriately to the letter. In the ad in question, which has been formally complained about by a conservative think tank, Whitacre downplayed the fact that taxpayers are still on the hook for $43 billion in aid that was exchanged for a 61% stake in GM.
– By: Stephen Calogera
Source: Detroit News