Web Sify
Follow us on
Mail
Print

Ex-NY comptroller out of prison after 20 months

Source : AP
Last Updated: Wed, Dec 12, 2012 17:15 hrs

A former New York state comptroller has been released from prison after serving 20 months for his leading role in an influence-peddling scandal at the state's massive pension fund.

State corrections officials say Alan Hevesi (HEH'-veh-see) left the prison in upstate New York on Wednesday morning. He was granted parole in November.

As comptroller, Hevesi was sole trustee of the fund now valued at nearly $150 billion. The 72-year-old was entangled in an investigation of so-called "pay-to-play" practices at the fund.

Hevesi was sentenced to from one to four years in prison after pleading guilty in 2010 to official misconduct.




More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance