ASG $10 million investment
Pago Pago, AMERICAN SAMOA — The Senate Government Operations Committee last Friday continued its investigation into the American Samoa Government’s $10 million investment in a United Arab Emirates pension fund, focusing on the details of the transaction and the entities involved in facilitating the...
Pago Pago, AMERICAN SAMOA — Senators learned on Wednesday that the $10 million in interest earnings from the American Samoa ARPA Fund is currently being invested in the United Arab Emirates, according to testimony before the Senate Government Operations Committee.
The disclosure came from Brett...

![Chief Procurement Officer Frederick Ledoux appearing before the Senate Government Operations Committee told senators that the agreement that led to the investment of $10.1 million in ARPA interest funds circumvented Procurement protocols and was done without his knowledge. Testimony by the Governor's Executive Advisor for Finance Brett Butler last Friday, noted that the agreement was for an investment, not a procurement of service & goods, and therefore not under the purview of the CPO. [photo: AF] Chief Procurement Officer Frederick Ledoux](https://samoanews.com/sites/default/files/styles/teaser/public/field/image/img_7345.jpg?itok=uLRs9grR)
