AIG's former chairman Maurice 'Hank' Greenberg will invoke his Fifth Amendment right against self-incrimination and refuse to answer questions from New York attorney general Eliot Spitzer today.
Greenberg's lawyer, David Boies, said a “great number” of AIG's transactions are now under investigation and Greenberg had not had enough time to review the “thousands of documents.”
The fallen chief executive had wanted to delay today's meeting with Spitzer, a statement from his lawyers said.
A statement from Greenberg said: "I was familiar with many, but certainly not all, or even a significant percentage of, the literally millions of transactions each year in approximately 130 countries.
"I made many decisions and approved many decisions by many colleagues.
“In many cases, I made general decisions which were then implemented by others without my involvement. Many other decisions and actions were taken by others in the company without my participation.
"I am willing to accept responsibility and to account for the performance of my duties, but I believe that good order and fairness require that I have an adequate opportunity to be advised of the issues to be investigated and to my alleged involvement therein."