NEW YORK – Federal authorities allege that a former official at the pension fund for New York state public employees took bribes that included prostitutes, strippers, cocaine and a $17,000 wristwatch.
An indictment issued Wednesday accuses Navnoor Kang of accepting bribes totaling about $100,000 in exchange for steering millions of dollars in business to two brokerage firms.
It says other bribes included travel; a ski trip; and tickets to Broadway shows, the U.S. Open tennis tournament and a Paul McCartney concert.
Kang's attorney declined to comment.
The state comptroller's office, which administers the fund, had no immediate comment.
The pension fund serves more than 1 million retirees and other beneficiaries.