The Michigan Senate will hold hearings next week to investigate past state tax credits after a convicted embezzler out on parole snagged one for his business.

State police arrested RASCO CEO Richard A. Short on Wednesday, a day after the 57-year-old shared the stage with Gov. Jennifer Granholm as she announced RASCO could get $9.1 million in tax credits for setting up its headquarters in Flint.

The company hasn't begun receiving the credit.

Senate Majority Leader Mike Bishop appointed two committees Thursday to look into the matter. The Senate Commerce Committee has asked Michigan Economic Development Corp. officials to testify next Wednesday.

Democratic Sen. John Gleason of Flushing objected, saying the focus should be on getting jobs, not pinning blame.