From Corporate Accountability International via Bloomberg News Service:

Maurice “Hank” Greenberg, the former chief executive officer of American International Group Inc., lied repeatedly at a trial over whether his private company looted $4.3 billion, an AIG lawyer told jurors today.

AIG accuses Greenberg’s Starr International Co., or SICO, of breaching an unwritten trust to fund a deferred-compensation plan for AIG employees. SICO illegally converted the proceeds of AIG shares it sold after Greenberg’s firing in March 2005, AIG lawyer Ted Wells said in federal court in New York.

Wells cited “overwhelming” evidence that SICO began holding AIG shares in 1970 for a retirement plan to benefit AIG employees. Greenberg was enraged after his ouster, and SICO fabricated documents to show the shares benefited charity, not AIG, Wells said. Greenberg also lied to jurors about videotaped speeches in which he discussed the disputed shares, Wells said.

“He fabricated evidence,” Wells said in closing arguments at a civil trial that began June 15. “He lied from the witness stand. What he told you is not credible evidence. Mr. Greenberg gave you false testimony repeatedly.”

Why am I not surprised?