Review: No Wrongdoing At SC Agency -

Review: No Wrongdoing At SC Agency

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South Carolina's inspector general found no criminal conduct or deceptive practices at the agency that manages the state's pension portfolio.   

But the report obtained by The Associated Press states that the agency's dysfunctional relationship with Treasurer Curtis Loftis must end.

Inspector General Patrick Maley is releasing the report Friday. It comes three months after Loftis sent him a complaint alleging multiple "red flags" of potential misconduct over several years at the Retirement System Investment Commission.

While there's no wrongdoing, Maley says Loftis had valid complaints about the agency restricting information. Maley also recommends  improving processes on two issues.

Maley says he's never seen such a toxic relationship between two organizations, and the escalated tensions are harming the pension fund.

He calls for intervention by the Budget and Control Board.

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