New York attorney general Eliot Spitzer is to meet with billionaire investor Warren Buffet to discuss General Re's relationship with AIG.
Buffet is reportedly going to be questioned on the extent of his knowledge about the relationship between the companies by investigators from the US Securities and Exchange Commission and the New York attorney general's office.
General Re, which is owned by Berkshire Hathaway, earned $5m for organising a $500m loan to AIG. The loan was recorded in AIG's books as an insurance deal- not a loan.
A statement from Berkshire Hathaway denied that Buffett had any knowledge of improper accounting at AIG.