Saturday, May 18, 2013

The latest local news, weather and high school sports in and around Columbia and Jefferson City

Mo. AG Koster making announcement about Mamtek
Posted: 09.18.2012 at 6:19 AM
0
Photo

MOBERLY (AP) -- Missouri Attorney General Chris Koster appears ready to announce results of an investigation into the financial collapse of a proposed artificial sweetener factory in Moberly.

Koster has scheduled a news conference Tuesday morning at the site of the failed Mamtek U.S. Inc. facility.

The announcement comes one year after Koster said his office was assisting the Randolph County prosecutor in determining if any civil or criminal laws were violated.

Construction of the plant halted last year after Mamtek was unable to make payments toward $39 million of bonds issued by the city Moberly to finance the project.

The state had offered more than $17 million worth of incentives, but nothing was paid because the deal fell apart before Mamtek could trigger the aid.

(Copyright ©2012 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Blair Oaks student to graduate two months after crash
Juliette Dryer  |  Yesterday at 8:00 AM  |  4 comments
Thumbnail
Sword-wielding man arrested
Yesterday at 8:25 AM  |  4 comments
Thumbnail
Man robbed while selling EBT card
Yesterday at 9:43 AM  |  2 comments
Follow Connect Mid-Missouri
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Community Connection
Participate in great causes in the community!
Relay For Life of Cole County
Friday, June 7, at 6 p.m. at the Jefferson City Jaycees Fairgrounds
ADVERTISEMENT