COLUMBUS, Ohio (WCMH)-Mayor Michael Coleman and his finances are being investigated as part of the federal probe into the red-light camera scandal.

Those finances include the sale of the Mayor’s home, among others and are being examined by federal agents.PDF: Mayor Coleman’s Former Home

The investigation into finances is a standard procedure for alleged high-level corruption cases.

Investigators are looking into the 2010 sale of Coleman’s further home. The house, on Haddon road in Berwick, appears empty but well-kept.

A  4,576 square foot ranch which was the home of Mayor Michael Coleman and his then wife Frankie until they sold it during a divorce in 2010. The divorce became final the following year.

Frankie Coleman tells NBC4 a businesswoman from China, wishing to do business here in Columbus, paid $520,000.

Coleman tells us she had been questioned by the FBI about the sale and she was shocked about the investigation underway by the FBI’s Public Corruption Unit.

Thursday night, the mayor released an appraisal from March of 2015 stating the transfer, or sale of the house, appears to have occurred at what could be deemed market value and in line with other homes in the area.

It was signed by a licensed appraiser – provided by the mayor’s office.

In his statement, the mayor concludes “in view of these documented facts, there is no basis for anyone to suggest that we sold our home for more than it was worth or that there was anything inappropriate about the transaction.”

Coleman released a statement Thursday about the sale of his home but did not confirm the FBI’s investigation.

The sale of our home to Mrs. Li was an arms-length and fair transaction with everything aboveboard. Our original asking price for the home was $750,000. This asking price was recommended to us by our independent real estate broker who was very familiar with comparable home sales in the neighborhood. Also, before we sold our home, we put $570,000 of improvements into it to repair and replace fire damage. But we sold the home to Mrs. Li for substantially less, for $520,000. We also know that several other homes in the neighborhood sold for more than ours on a per square foot basis, according to an independent professional appraisal report.

In view of these documented facts, there is no basis for anyone to suggest that we sold our home for more than it was worth or that there was anything inappropriate about the transaction.

The investigation initially began Friday June 19 with the guilty plea of former Redflex CEO Karen Finley, who admitted to laundering money through lobbyist John Raphael to make campaign contributions that are being called bribes.

Sources confirm the investigation is focusing on the alleged funneling to city councilman and current mayoral candidate Andrew Ginther.

Both Coleman and Ginther deny any wrongdoing.