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OTHER NEWS - Dec. 13, 1991

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From Times Staff and Wire Reports

N.Y. Daily News Pension Is Probed: The Manhattan district attorney’s office said that it has launched an investigation to determine whether New York Daily News pension or employee savings plan assets were misappropriated under the paper’s late publisher, Robert Maxwell. The “active, ongoing investigation” by the Rackets Bureau began Monday, spokesman Gerald McKelvey said, and was apparently triggered by a complaint from a Daily News employee. Maxwell, his family and his companies are the subjects of investigations in London concerning the disappearance of up to $1.4 billion from two publicly traded companies he controlled. Most of the money was taken from employee retirement funds.

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