Show MICHIGAN MUTCAL it Is Alleged False Statements Have Been Made by the President Detroit Mich May 10A sensational suit in which an accounting of the Michigan Life Insurance company and removal of President Oscar B Looker are prayed lor was begun in the Wayne circuit court this afteinoon The complainants com-plainants are exVicepresident Joseph W Dusenbury of this city et aL Sev eral officers and directors of the com < y are made party defendants with the 1 resident The bill alleges that for tens > ears past President Looker has made I false statements concerning the com panys affairs reporting the valuation of Ufa real estate for instance at a valuation valua-tion largely in excess of Its market value I is charged that mortgages taken to secure future premium on life insurance policies have been treated as assets wtthout any counter charge in the accounts of policy holders or otherwise also tat the reports made to the state insurance commissioner have embodied rolicie which had long since expired Various other charges are made against President Looker to the effect that he i ha manipulated the companys balance j I in his own interests and with the intent j kt t1 defraud the stockholders An investi gation and accounting Is prayed for |