Washington, Aug 7 (DPA) Two top former executives of troubled insurance giant American International Group (AIG) agreed Thursday to pay fines to settle charges by US regulators that they misled investors by inflating the firm's results.

Former long-time chief executive officer Maurice 'Hank' Greenberg and former chief financial officer Howard Smith were involved in transactions that inflated results from 2000-05 and violated anti-fraud laws, the Securities and Exchange Commission said.

The executives were 'responsible for material misstatements that enabled AIG to create the false impression that the company consistently met or exceeded key earnings and growth targets', the SEC said. The allegations follow a separate $800-million settlement with the insurer in 2006 for securities fraud and improper accounting.