NEW YORK – the Federal authorities claim that a former official at the pension fund for the state of New York public employees took kickbacks that included prostitutes, strippers, cocaine and a $17,000 watch.
An indictment issued Wednesday accuses Navnoor Kang of accepting bribes in a total of approximately $100,000 in exchange for steering millions of dollars in business two brokerage firms.
Says the other bribes trips; a ski trip; and tickets for Broadway shows, the us Open tennis tournament, and a Paul McCartney concert.
Kang’s lawyer declined to comment.
The treasurer of state in the office manages the fund, had no immediate comment.
The pension fund serves more than 1 million retirees and other beneficiaries.