Financial Times FT.com

'Tarp cop' to investigate whether banks have 'cooked their books'

By Tom Braithwaite in Washington

Published: April 13 2009 03:00 | Last updated: April 13 2009 03:00

The official policing the $700bn Tarp fund says he is investigating whether banks have "cooked their books" to secure bail-out money.

Neil Barofsky, special inspector-general for the troubled asset relief programme, told the Financial Times he was seeking evidence of wrongdoing on the part of banks receiving help from the fund, which was designed to ease credit conditions and support distressed industries.

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