$1,050,000 IS A HEFTY FINE

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.