(Bloomberg) — A senior investment manager for New York’s state pension fund accepted bribes including drugs, prostitutes and tickets to a Paul McCartney concert from two brokers in exchange for millions of dollars in fixed-income business from the fund, prosecutors said.

Navnoor Kang, who served as the New York State Common Retirement Fund’s director of fixed income and head of portfolio security, was charged along with the two brokers, Deborah Kelley and Gregg Schonhorn, according to court documents filed Wednesday in Manhattan federal court.

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access