ROCHESTER, N.Y. (WROC) — The $765 million loan for Kodak announced this summer is now under an inspector general’s review, according to the Wall Street Journal.
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It reports that the inspector General of the U.S. International Development Finance Corporation told Senator Elizabeth Warren that his office has opened a probe into that loan and the circumstances surrounding it.
In early August, Eastman Kodak Company announced an appointment of a special committee that will look into the recent activities surrounding the announcement of a potential loan for Kodak Pharmaceuticals.
The loan — meant to bring pharmaceutical manufacturing to Rochester — came under scrutiny when a surge in stock prices began before the official announcement.