- Oct 17, 2011
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Citibank revealed in court filings on Wednesday that the FBI, the EPA, the EPA inspector general, and the Treasury Department have all requested that the bank freeze accounts of several nonprofits and state government agencies.
The accounts were frozen in February, but the new documents make public details that had previously been unknown, including a full list of the nonprofits under FBI scrutiny.
The funds were disbursed as part of the $27 billion Greenhouse Gas Reduction Fund, which was created by the Inflation Reduction Act, a law passed by Congress in 2022. Of that, the EPA received $14 billion for a National Clean Investment Fund, which provides grants to green banks.
Citibank was selected as the financial agent to administer that money, holding it in accounts under the names of the awardees. [Among the awardees] Habitat for Humanity, United Way, the Colorado Clean Energy Fund, and New York State Department of Taxation and Finance.
“Can you proffer any evidence that [the grant] was illegal, or evidence of abuse or fraud or bribery — that any of that was improperly or unlawfully done, other than the fact that Mr. Zeldin doesn’t like it?” Judge Tanya Chutkan said.
The accounts were frozen in February, but the new documents make public details that had previously been unknown, including a full list of the nonprofits under FBI scrutiny.
The funds were disbursed as part of the $27 billion Greenhouse Gas Reduction Fund, which was created by the Inflation Reduction Act, a law passed by Congress in 2022. Of that, the EPA received $14 billion for a National Clean Investment Fund, which provides grants to green banks.
Citibank was selected as the financial agent to administer that money, holding it in accounts under the names of the awardees. [Among the awardees] Habitat for Humanity, United Way, the Colorado Clean Energy Fund, and New York State Department of Taxation and Finance.
“Can you proffer any evidence that [the grant] was illegal, or evidence of abuse or fraud or bribery — that any of that was improperly or unlawfully done, other than the fact that Mr. Zeldin doesn’t like it?” Judge Tanya Chutkan said.
