MS AG Wants Records Of Failed Beef Plant
Mississippi Attorney General Jim Hood has asked a federal court to turn over grand jury records from the U.S. government’s investigation into the now-defunct beef plant as he prepares for a civil lawsuit.
The beef plant opened in Oakland, Miss., in August 2004 but lasted less than three months. In January 2005, the operator defaulted on a $21-million loan to Community Bank and the project went into foreclosure.
In June 2005, the state paid the bank on its guaranteed $34 million.
Hood tells the Northeast Mississippi Daily Journal that he’s suing the company and the executives on behalf of the Mississippi Land Water Resources Board and the Mississippi Development Authority.
The civil case is set for trial beginning Dec. 5 in Hinds County.
