Federal Bureau of Investigation
documents and conducting a probe into possible criminal activities at the bankrupt retailer.
Few details were available, but several published reports indicated that the FBI did confirm that it is investigating the company. On Wednesday, Kmart, which filed for bankruptcy protection earlier this year, said it lost $2.42 billion in the 2001 fiscal year.
Securities and Exchange Commission
is also making inquiries into Kmart's accounting. At the beginning of May, Kmart said its board was looking into some of the company's former senior executives, including the previous chief executive, Charles Conaway, for possible wrongdoing.
Also earlier this month Kmart said it was firing 12 executives and reorganizing its corporate structure.
Shares of Kmart are still trading on the
New York Stock Exchange. The stock closed down 6 cents to $1.11 Thursday.