Missouri AG assists probe of Mamtek project
Friday, September 23, 2011
JEFFERSON CITY, Mo. (AP) — Missouri Attorney General Chris Koster says his office will assist in an investigation of an artificial sweetener factory project.
Mamtek U.S. Inc. planned to employ several hundred people at a plant in Moberly, which issued $39 million in industrial bonds for the project. But the plant has not been built, and Mamtek has laid off its employees and missed its first bond payment.
The state offered more than $17 million in incentives. The company has not received state funds.
Koster said Friday his office is helping the Randolph County prosecutor determine if any state laws had been violated. The review was starting immediately.
Calls seeking comment were not immediately returned by the man who had been Mamtek’s chairman or by an attorney who became Mamtek’s president after the missed bond payment.
Information from: St. Louis Post-Dispatch, http://www.stltoday.com