Former PBGC director cleared of wrongdoing

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US - Former director of the Pension Benefit Guaranty Corporation (PBGC) Charles Millard will not face criminal charges for supposed illegal procurement practices at the corporation, according to a letter by PBGC inspector general Rebecca Batts.

The decision followed an investigation carried out by the inspector general's office at the request of a group of senators belonging to the US Senate Committee on Finance. In a letter Batts sent...

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