State Sen. Malcolm Smith and city Councilman Dan Halloran were arrested this morning on charges they were plotting to rig this year's mayoral election through fraud and bribes.
The pols allegedly formed an alliance built on cash payments and fraud to get Smith — one of the state's top Democrats — placed on the GOP mayoral ballot, sources said.
FBI agents arrested them both at their Queens homes shortly after 6 a.m.
"I have no idea," Halloran, in handcuffs, told a Post reporter when asked if he knew why he was being arrested.
"I'm sure the truth will come out once I have an opportunity to find out what's going on."
Smith would not say anything as he was hauled off. FBI officials confirmed the arrests.