New York Daily News

Pension big guilty in sex bribes case

- Victoria Bekiempis

AN EX-STATE official accused of accepting more than $100,000 in bribes — including cocaine and hookers — to push business toward two financial firms pleaded guilty to related charges on Wednesday.

Disgraced ex-state pension fund manager Navnoor Kang (photo),37, copped to one count of conspiracy to commit securities fraud and one count of conspiracy to commit honest services wire fraud.

Prosecutor­s said Kang, who managed the investment of $53 billion in state pension money, steered some $3 billion into two firms after execs plied him with goodies from 2014 until February 2016 — when he was canned from his $166,464-a-year gig.

Kang’s lawyer, Tina Glandian, said he “pled guilty even though Mr. Kang’s investment­s proved to be very profitable for the New York State Common Retirement Fund and its members.

“He has accepted responsibi­lity for his failure to disclose gifts during his employment at the fund,” Glandian also said.

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