MCALLEN – A 56-year-old man has been charged with conspiracy to commit honest services wire fraud.

Authorities arrested Sunil Wadhwani Wednesday morning.

He is set to appear in court at 11:00 a.m. Wednesday.

Wadhwani allegedly conspired with others to obtain a development agreement with favorable terms containing $300,000 in incentive agreements from the Weslaco Economic Development Corporation. 

According to the charges, the bribes were paid in order to ensure the commissioner’s votes before the Economic Development Corporation and the City Commission in obtaining the development agreement and its favorable terms.

The final installment was allegedly deposited into a bank account for which Wadhwani was an authorized signer on Nov. 3, 2014.

The FBI conducted the investigation.

Wadhwani was granted bond Wednesday afternoon.