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D.C. Council To Question CFO In Oversight Hearing

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The man in charge of the District's public coffers will be on the hot seat today.

District of Columbia Chief Financial Officer Natwar Gandhi, who is expected to appear at an oversight hearing before the D.C. Council, has been criticized for failing to release audits that were critical of his office. The Securities and Exchange Commission has launched an inquiry into the issue and the council passed emergency legislation mandating that all audits be released shortly after they are finished. 

The council has also raised questions about property assessment settlements that lowered the proposed assessments of hundreds of commercial properties by $2.6 billion. Gandhi argues the settlements were necessary to avoid litigation. 

The CFO's office is also being scrutinized by federal investigators looking into the district's lottery contracting process. 

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