Show GAN MUTUAL LIFE serious charges of fraud against president looker detroit mich may bray 10 A sensational ault lit in abich an accounting ot of the michigan mutual lite life insurance corn company and the removal ot of president oscar B looker are prayed for was be bc gun eun jn in the wayne circuit court this lifter afternoon noon the complainants etc ae ex vlee vice joseph V W duzenbury 0 ot f this city et nl several officers ind and directors of tile alie company are arc made party parly defendants with the president tile the bill alleges that tor for ten years past president looker lifts has made false statements concerning the companas comp anys affairs reporting the valtia valuation tion ot of its real estate for or instance at a valuation largely in excess of 0 its market value it II la Is charged that mortgages taken take n to 0 secure future premiums on life irim slice ance policies have been treated as assets Ait hout any counter charge in the accounts of policy holders or otherwise also that the reports made to the state stale insurance commissioner have embodied pol policies leles N aich had long since expired various other charges are made against president looker to the effect that he lias has manipulated the companas comp anys balance lit in his own interests and with the intent to defraud the stockholders an invests investigation aaion and aci counting Is prayed lor for |