October 19, 2014
WASHINGTON (AP) - New Mexico Gov. Bill Richardson has withdrawn
his nomination to be President-elect Barack Obama's commerce secretary amid a grand jury investigation.
Obama's transition office said Sunday that Obama has accepted Richardson's withdrawal.
A federal grand jury is investigating how a California company that contributed to Richardson's political activities won a lucrative New Mexico state contract.
A person familiar with the proceedings has told The Associated Press that the grand jury is looking into possible "pay-to-play" dealings between CDR Financial Products and someone in a position to push the contract through with the state of New Mexico.
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