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AIG discovers $500m hole in accounts

American International Group, (AIG) has announced it will delay the filing of its Form 10-Q for the quarter ended September 30, 2005 after discovering a number of errors that include a $500m hole in its accounts.

AIG currently expects that it will file its third quarter Form 10-Q on November 14, 2005. The five day extension will allow AIG time to incorporate into its third quarter and nine month financial

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