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OAK ISLAND, NC (WWAY) -– The SBI is investigating allegations of corruption in Oak Island, according to the NC Attorney General’s office.

The AG’s office says agents conducted an initial assessment and then formally opened an investigation on October 18, 2011 at the request of the District Attorney.

Agents will reportedly look into why a sewer project, estimated to cost $67 million ended up costing more than $150 million plus interest.

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