Chinese Developer Agrees To Pay $1M In L.A. City Hall Corruption Case
LAPPL News Watch
October 8, 2020
The subsidiary of a Chinese-based real estate company has agreed to pay $1,050,000 to resolve a federal investigation into its involvement in a bribery and fraud case, federal prosecutors said Wednesday.
In a deal struck with the U.S. Attorney’s Office in Los Angeles, Jia Yuan USA Co. Inc. will pay the financial penalty and continue cooperating with the federal government in its probe of Councilman José Huizar and other figures, according to a copy of the agreement.
In exchange, the government agreed not to pursue criminal charges against the company.
In
a statement, the U.S. Attorney’s Office said it had decided not to
prosecute because company officials had taken responsibility for its
conduct in a “timely” way, fired a real estate consultant who later
pleaded guilty in the corruption probe and cooperated with
investigators.
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