Scam-tainted US port authority to sell bonds
Add BT as a preferred source[WASHINGTON] Despite the continued fallout of the "Bridgegate" scandal, the Port Authority of New York and New Jersey is selling US$400 million bonds.
The Securities and Exchange Commission (SEC) is conducting a parallel investigation of the scandal to the New York County District Attorney's review, the authority disclosed in preliminary documents for the sale released last week.
The authority also said it has received and is responding to several grand jury subpoenas from the US Attorney's office and the district attorney "pertaining to the Port Authority's involvement in certain specified projects and activities". At the same time, it is responding to subpoenas from a statehouse investigation committee and a request for information from the New Jersey State Ethics Commission.
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