Ex-Chicago Contractor Pays $20M To End Bribery Suit

By Jessica Corso (February 6, 2017, 4:17 PM EST) -- Chicago Mayor Rahm Emanuel said Monday that a former city contractor will pay $20 million to end claims it paid bribes to secure $126 million in contracts to install red-light cameras at city intersections, allegations that sent a former official and the company's onetime CEO to jail.

Redflex Traffic Systems Inc., a U.S.-based subsidiary of Australian company Redflex Holdings Group, had been accused of making false statements on city forms to the effect that Redflex committed no ethics violations in securing three contracts between 2003 and 2013 worth $125.9 million combined.

The contractor made the statements knowing they were false, Chicago...

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