Detroit finance manager is investigating every lease and real estate transaction

From The Detroit News: Detroit school district has begun investigating every lease and real estate transaction over the last several years to determine whether misspending or overcharging occurred. Robert Bobb, the emergency manager, says he plans to conduct public hearings and call witnesses as part of his inquiry into the millions of dollars in cash the district spent on leases and land acquisitions. The investigation, conducted in part by the district's new inspector general, will include reviews of school site purchases and leases and real estate purchases at the Fisher Building in Midtown, where the district is headquartered.

FROM APRIL 2009: From The Detroit Free Press: Two Detroit Public Schools employees have resigned after being accused of working outside jobs while being paid by the district, and another worker is being investigated in connection with misuse of a state grant. The district also plans to send about 40 auditors into the schools to check bank statements and cash distributions, after some schools were found to lack documentation for how cash was handled.