N&R reports former Greensboro Piedmont Triad Partnership CEO David Powell is under investigation for “possible financial irregularities” revealed during an internal audit:

Officials from the Piedmont Triad Partnership contacted the Greensboro Police Department on Wednesday about the alleged irregularities involving former CEO David M. Powell, according to police spokeswoman Susan Danielsen.

The department will investigate after the partnership finishes its internal audit “because that’s the data we need to examine for determining if any crime was committed,” Danielsen said.

She said there’s no timeline on how long the partnership’s audit will take.

PTP received $480,000 in taxpayer money in 2013. It is also heavily involved in the push to put together a megasite in Randolph County with hopes of attracting an automobile manufacturer.

Stay tuned.