Meeker backs investment council review. (investigation of former Oregon Investment Council member Roger Meier and his dealings with Kohlberg Kravis Roberts and Co.)

Meeker backs investment council review

Meier's dealings with KKR raise concern over management of $12.5 billion state fund

State Treasurer Tony Meeker said he will support an inquiry into allegations that a former Oregon Investment Council member received a sweetheart stock deal from a state investment partner if the attorney general's office deems an investigation necessary.

Meeker said he's concerned about the integrity of the investment council. "It's the most respected, most innovative such body in the country," he said of the council. "We have to protect that reputation."

State Sen. Grattan Kerans (D-Eugene) on May 7 asked the attorney general's office to investigate former council chairman Roger Meier's relationship with controversial leveraged buyout kings Kohlberg Kravis Roberts & Co. Civil and criminal law staffers of Attorney General Dave Frohnmayer are looking into the issues raised by Kerans, spokesperson Marla Rae said. It's unknown how long it …