The Michigan Attorney General’s Office executed a search warrant at the headquarters of the Michigan Economic Development Corporation (MEDC) in Lansing on June 18. This action is part of an ongoing investigation into the alleged misuse of state grant funds administered by MEDC. A residential property in Farmington Hills was also searched as part of the probe. While details remain limited, the investigation reportedly involves two cases: a $20 million grant to a nonprofit led by Fay Beydoun and a $2 million grant managed by Gavin Brown. MEDC, which operates as a quasi-state agency, has stated it has been cooperating with the investigation for over two years. “The actions by the attorney general’s office are unwarranted,” said MEDC spokesperson Otie McKinley. The investigation highlights concerns over accountability in state-funded economic development initiatives.
— new from MLive.com
