Sunday, May 19, 2013

The latest local news, weather and high school sports from the Heartland

Slaughterhouse manager trial focuses on loan
Posted: 10.21.2009 at 8:22 AM
0
Photo
SIOUX FALLS, S.D. (AP) -- A bank vice president has testified in the federal trial of former kosher slaughterhouse manager Sholom Rubashkin that he didn't personally keep tabs on a loan to the company.
   
First Bank vice president Gary Pratte testified Tuesday that the $35 million loan to the Agriprocessors, Inc., plant was closely monitored by bank employees, but not by himself. This was the case even after a huge immigration raid at the Postville plant.
   
Rubashkin faces 91 financial charges, including bank fraud.
   
Defense attorney Guy Cook says the bank's "blind indifference" to the record keeping at Agriprocessors is evidence the bank was willing to overlook the plant's problems so it could continue to collect on its loan.

(Copyright ©2009 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Pair accused of dealing drugs near school
John Garlock  |  Friday, May 17, 2013  |  4 comments
Thumbnail
Fugitive wanted from SWAT raid in custody
KTVO Newsdesk  |  Friday, May 17, 2013  |  18 comments
Thumbnail
Superintendent in legal trouble resigns
John Garlock  |  Friday, May 17, 2013
Follow Heartland Connection
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
Funeral Announcements
Announcements from area funeral homes
Best Bets Home & Ag
Home and Ag information from our experts
Best Bets Auto
Auto information from our experts
Senior of the Month
View and Nominate here
ADVERTISEMENT