News In Brief

Exemption granted firm with stock link to Meese

The Small Business Administration granted a special exemption to Questec Capital Corporation, a company whose stockholders included the wife of Attorney General-designate Edwin Meese. The exemption allowed the firm to qualify for $5 million in federally backed loans in 1981, an SBA official said late Tuesday.

An SBA official said he had no knowledge of any involvement by Meese or other White House officials in the decision.