A Chinese company’s Arcadia subsidiary has agreed to pay more than $1 million to resolve allegations that it bribed city officials, including former Los Angeles City Councilman Jose Huizar, with campaign contributions, foreign travel and Katy Perry concert tickets to ensure support for its downtown building projects, it was announced Wednesday.
The non-prosecution agreement with Jia Yuan USA Co. Inc. is the latest development in the ongoing investigation into a wide-ranging pay-to-play scheme at City Hall. China-based Shenzhen Hazens established the company to redevelop the Los Angeles Luxe City Center Hotel, which it purchased in 2014 for more than $100 million.
Jia Yuan “planned a massive redevelopment that would include retail space, residential units, and hotel rooms, valued at approximately $700 million,” according to a statement of facts accompanying the NPA.
The original full article can be found at nbclosangeles.com
(Photo: Kirk McKoy / Los Angeles Times)