Home » Politics » Guilty plea part of ongoing US probe into Caltrans bribery
Guilty plea part of ongoing US probe into Caltrans bribery
FOX Business Flash top headlines for April 11
Here are your FOX Business Flash top headlines for April 11.
SACRAMENTO, Calif. — A former contract manager for California's transportation agency pleaded guilty Monday in what federal prosecutors said is an ongoing investigation into a bid rigging and bribery scam involving millions of dollars worth of contracts.
Choon Foo "Keith" Yong agreed to cooperate with the investigation into what prosecutors said was a conspiracy to rig the competitive bidding process for improvement and repair contracts at California Department of Transportation facilities.
The scheme ensured that companies controlled by his co-conspirators submitted the winning bid and won the contracts, prosecutors said.
LAWMAKERS INTRODUCE NO-FLY LIST LEGISLATION TO PROTECT AIRLINE CREWS FROM ABUSIVE PASSENGERS
The contracts were cumulatively worth more than $8 million, and Yong's agreement called for him to be awarded at least 10% of the value, according to his plea agreement.
He received cash bribes and other payments in the form of furniture, wine and remodeling services on his home, valued together at more than $800,000, prosecutors said.
PoliticsComments Off on Guilty plea part of ongoing US probe into Caltrans bribery