INVESTIGATORS RAID GUAM RETIREMENT FUND OFFICE

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By Oyaol Ngirairikl

HAttorney GeneralATNA, Guam (Pacific Daily News, May 12) – With a search warrant yesterday, investigators from the Office of the Attorney General raided the Government of Guam Retirement Fund.

Attorney Douglas Moylan would not comment on or confirm the raid.

Joe T. San Agustin, chairman of the Government of Guam Retirement Fund Board of Trustees, said that at about 3:30 p.m. yesterday, about seven of the Attorney General's investigators showed up at the Retirement Fund office in Maite and started searching through computers and files. San Agustin said they were looking for documents pertaining to former Director John Rios.

"We cooperated and allowed them to complete their search," San Agustin said, noting the raid may be tied to the retirement board's recent decision to partially reimburse Rios for legal fees. "Prior to the warrant, there was never a request from the Attorney General's office for documents."

Mr. Rios guilty, then of course, investigate us. But Mr. Rios wasn't found guilty, and it's within the law for us to pay him some of the legal expenses incurred," San Agustin said.

Rios, former Gov. Carl Gutierrez and former Cabinet member Gil Shinohara were indicted in December on charges of theft, conspiracy and official misconduct. The trio allegedly schemed to alter Gutierrez's retirement status so he could collect more money from the Retirement Fund than he was entitled to. The charges against Gutierrez and Rios were cleared in February. Shinohara still faces charges in the case.

San Agustin said the Retirement Fund will reimburse US$220,000 to Rios to help cover some of his legal fees, but it had Rios sign a release, relieving the Retirement Fund from future legal expenses relating to his actions as the former director.

"In all, he's paid more than US$220,000 in legal fees, but this is the amount that the board agreed to pay after six months of research and investigation," San Agustin said. "We had him sign a release to protect the Retirement Fund because if the Attorney General decides to bring (Rios) back to court, he'll accrue more bills."

May 12, 2006

Pacific Daily News: www.guampdn.com

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