Indiana GOP, Daniels PAC to return money to Ohio company

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The Indiana Republican State Committee has agreed to return $88,000 in donations to a bankrupt company co-owned by indicted former Indiana businessman Tim Durham.

The Indianapolis Business Journal reported Monday that Fair Finance Co. bankruptcy trustee Brian Bash disclosed the settlement Friday. Bash also disclosed that Gov. Mitch Daniels' political action committee, Aiming Higher, had agreed to return $10,000 to the Akron, Ohio-based Fair Finance.

The two are the latest political groups to settle with Bash, who has been negotiating with Indiana politicians and groups to return funds donated by Durham and his companies before his financial empire collapsed in 2010. Bash contends the payments were fraudulent transfers because Durham and his companies were insolvent at the time.

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