March 23, 2009 / 4:47 AM / 10 years ago

AIG paid over $218 million in bonus payments

A protester holds up a sign behind AIG CEO Edward Liddy during his testimony before the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises as they hold a hearing on "American International Group's Impact on the Global Economy: Before, During, and After Federal Intervention" on Capitol Hill in Washington, March 18, 2009. REUTERS/Jason Reed

CHICAGO (Reuters) - Documents turned over to the Connecticut attorney general show that American International Group Inc paid out over $218 million in bonuses, more than the previously disclosed $165 million, published reports said on Saturday.

The reports said the documents were turned over to Attorney General Richard Blumenthal’s office late on Friday in response to a subpoena.

The documents show that bonuses of at least $1 million were paid to 73 people, and five received more than $4 million.

The giant insurance company has been widely criticized for granting bonuses after receiving federal bailout funds exceeding $180 billion.

Reporting by Jim Marshall, editing by Alan Elsner

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