Chinese Tycoon Admits He Bribed City Official To Speed Up Real Estate Project

A Chinese property tycoon admitted to bribing a California government official, the Department of Justice (DOJ) announced Wednesday.
Zhang Li, a Chinese billionaire, admitted that he bribed former San Francisco Department of Public Works Director Mohammed Nuru to ensure favorable treatment regarding the development of a property in the city, according to the DOJ.
Zhang reached an agreement with U.S. Attorney’s Office in which Zhang admitted to wrongdoing and, should he abide by the deferred prosecution agreement terms, the charge will be dropped in three years.

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