AIRLINK 74.40 Decreased By ▼ -0.76 (-1.01%)
BOP 5.41 Decreased By ▼ -0.04 (-0.73%)
CNERGY 4.34 Decreased By ▼ -0.05 (-1.14%)
DFML 29.06 Increased By ▲ 1.42 (5.14%)
DGKC 76.28 Increased By ▲ 4.28 (5.94%)
FCCL 20.46 Increased By ▲ 0.17 (0.84%)
FFBL 31.30 Increased By ▲ 0.25 (0.81%)
FFL 10.11 Increased By ▲ 0.14 (1.4%)
GGL 10.52 Increased By ▲ 0.25 (2.43%)
HBL 115.40 Increased By ▲ 0.40 (0.35%)
HUBC 131.40 Decreased By ▼ -0.05 (-0.04%)
HUMNL 6.75 Decreased By ▼ -0.12 (-1.75%)
KEL 4.08 Decreased By ▼ -0.12 (-2.86%)
KOSM 4.67 Decreased By ▼ -0.10 (-2.1%)
MLCF 38.80 Increased By ▲ 1.72 (4.64%)
OGDC 134.25 Decreased By ▼ -1.20 (-0.89%)
PAEL 24.38 Increased By ▲ 0.98 (4.19%)
PIAA 27.65 Increased By ▲ 0.34 (1.24%)
PIBTL 6.73 Increased By ▲ 0.13 (1.97%)
PPL 113.30 Increased By ▲ 0.14 (0.12%)
PRL 28.65 Decreased By ▼ -0.10 (-0.35%)
PTC 15.20 Decreased By ▼ -0.30 (-1.94%)
SEARL 57.00 Decreased By ▼ -0.33 (-0.58%)
SNGP 65.99 Decreased By ▼ -1.00 (-1.49%)
SSGC 11.02 Decreased By ▼ -0.15 (-1.34%)
TELE 9.10 Decreased By ▼ -0.04 (-0.44%)
TPLP 11.89 Decreased By ▼ -0.16 (-1.33%)
TRG 70.40 Increased By ▲ 0.01 (0.01%)
UNITY 23.71 Increased By ▲ 0.06 (0.25%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
BR100 7,466 Increased By 11.4 (0.15%)
BR30 24,296 Increased By 46.3 (0.19%)
KSE100 71,608 Increased By 174.1 (0.24%)
KSE30 23,627 Increased By 60.5 (0.26%)

usa flag2 400WASHINGTON: Ray Nagin, who served as mayor of New Orleans when Hurricane Katrina battered the city in 2005, was indicted Friday by a federal grand jury on corruption charges, US law enforcement officials said.


The indictment claims that Nagin handed lucrative city contracts to consultants and contractors in exchange for more than $230,000 in bribes and kickbacks, including free granite for his family business, personal services and free trips.

 

Nagin, 56, is also charged with money laundering conspiracy and filing false tax returns from 2005 to 2008.

 

He faces between five and 20 years behind bars if convicted, along with hundreds of thousands of dollars in fines.

 

Michael Anderson, special agent in charge of the FBI's New Orleans Field Office, said the indictment "should serve as a reminder to current and former public officials that, in the interest of full accountability, the FBI pursues corruption even after an official leaves office."

 

Nagin, who gained nationwide fame as the public face of the tragedy that swept through his historic city, was said to have accepted about $72,250 in bribes from Rodney Williams and his company, Three Fold Consultants, LLC.

 

Copyright APP (Associated Press of Pakistan), 2013

Comments

Comments are closed.