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Chinese development firm fined $4 million in LA bribery case

Por: Associated Press Business May 13, 2023

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LOS ANGELES (AP) — A company owned by a billionaire Chinese real estate developer was fined $4 million on Friday for bribing a Los Angeles city councilmember for help in getting a downtown skyscraper approved.Shenzhen New World I LLC was given the maximum penalty and was also placed on five years of probation, according to a statement from the U.S. Department of Justice. During the sentencing hearing, U.S. District Judge John F. Walter said... + full article



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