Washington
The U.S. Department of Justice and other federal agencies are undertaking several investigations of the American International Group Inc. financial products unit retention bonuses.
The Justice Department is looking at options for recovering the funds paid to the unit executives, according to Neil Barofsky, special inspector general of the Troubled Asset Relief Program.
Barofsky testified about TARP program oversight before the Senate Finance Committee.
In his testimony, he said his office and the Justice Department are coordinating their bonus inquiries.