Hong Kong police arrest 11 for spreading rumors about AIG
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Hong Kong police said Friday they have arrested 11 people in connection with a forged letter that claimed troubled U.S. insurance giant American International Group Inc. was selling its Asian subsidiary.
Rival insurer MassMutual Asia Ltd. acknowledged that the suspects were its agents and managers and staff hired by them. However, it denied in a statement that the company was involved in the case and said it would cooperate in the police investigation. (AP)
