National Rifle Assn files for bankruptcy

National Rifle Assn files for bankruptcy

NEW DELHI: Seeking an end-run around an investigation by the New York attorney general, the National Rifle Association said on Friday it was declaring bankruptcy and would reincorporate in Texas.
The announcement came months after New York AG Letitia James sued the NRA, seeking its dissolution over claims that executives illegally diverted millions of dollars for personal trips, no-show contracts for associates and other questionable expenditures.

Source From : Times Of India

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