Knox County (WVLT) - Knox County's mayor is under review for a stock purchase he made about three and a half years ago.
The news sentinel reports Mayor Mike Ragsdale purchased $10,000 of stock in IdleAire Technologies in December of 2004, in the same month he signed and finalized a one million dollar federal grant to the company.
Ragsdale also sat on a 12 member committee which oversaw federal grants to IdleAire totaling nearly 2.8 million dollars over the last six years.
IdleAire is a Knoxville company that makes in-cab electric units for 18-wheelers.
Mayor Ragsdale has not commented about the situation.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.