Puerto Rico's Debt Investigation to Be Broad: Official
- Oversight board chief says there’s "no desire to limit" probe
- Some creditors complained about pace of the investigation
How Did Puerto Rico Go Bankrupt?
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The independent investigation of Puerto Rico’s $74 billion debt crisis will be a comprehensive look at the borrowing that pushed the island into its record-setting bankruptcy, according to the executive director of the island’s federal oversight board.
The federal panel this month hired the law firm Kobre & Kim LLP to conduct a probe of Puerto Rico’s financial disclosures, how its bonds were marketed and other issues surrounding the borrowing that pushed it to the brink.