House Oversight and Financial Services Chairs Statement on Future Ex-Im Indictments

WASHINGTON – According to the acting Inspector General of the Export-Import Bank, Michael McCarthy, future indictments surrounding the bank’s activities are possible, including additional indictments related to former loan officer Johnny Gutierrez. McCarthy made these comments to lawmakers during a joint House Financial Services and Oversight and Government Reform Subcommittee hearing today.

Upon hearing this news Chairmen Hensarling, Chaffetz, Huizenga, and Jordan released the following statement:

“On the heels of news that Johnny Gutierrez was indicted for bribery, it is alarming to hear that even more indictments of fraud related to Ex-Im Bank activities are expected. While this is disturbing enough, the fact that we learned of this only at the end of nearly three hours of testimony, is further evidence of the Bank’s continued and brazen efforts to avoid transparency and accountability. With the Bank’s charter expiring this summer, this adds to the already long list of significant concerns we have over its future viability.”

Full coverage of the hearing can be viewed here.