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D.C.'s Chief Financial Officer to Resign

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    NEWSLETTERS

    The District of Columbia's longtime chief financial officer is stepping down.

    Natwar Gandhi informed Mayor Vincent Gray in a letter Friday that he intends to retire, effective June 1.

    The letter does not elaborate on the reasons for Gandhi's resignation. He has served in the position for 15 years and was appointed to a new, five-year term last year. Gandhi's spokesman says the retirement is "for purely personal reasons."

    Gandhi says in the letter that he feels comfortable stepping down because the city's financial condition is "perhaps the best in its history."

    Gandhi enjoys a good reputation on Wall Street and on Capitol Hill, but he's been criticized for his office's internal controls and its handling of the District's lottery contract, which is the subject of a federal investigation.

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