CALEXICO — A downtown businessman here paid New Jersey-based Dunn & Bradstreet to check into the financial history of the Gabay family's Beverly Hills-based Charles Co.
Arman Gabay isn't worried about what the businessman found.
"We have nothing to hide," Gabay said.
The Calexico businessman said he ran the financial report because Gabay has asked the City Council for a $3 million low-interest loan. The businessman thinks it is important for the city to investigate the finances of companies with which it does business.
The businessman asked to remain anonymous because he is working on the campaign of a candidate for Calexico City Council. He said he didn't pay for the report for political reasons.
Under the umbrella of his limited liability corporation, M&A Gabaee, Gabay would use the $3 million to buy land near the New River. Once he had site control of the land, Gabay has said he would bring in retailers to build outlet stores right near the downtown Port of Entry.