Skip to main content

Parmjit “Paul” Parmar, 48, of Colts Neck, New Jersey; and Ravi Chivukula, 44, of Freehold, New Jersey; Two Indian-Americans among 3 charged in alleged $300 million investment fraud scheme

The former CEO, executive director, and CFO of a publicly traded health care services company were charged May 16, with allegedly orchestrating a widespread scheme to defraud investors and others out of hundreds of millions of dollars in connection with a merger transaction designed to convert the company into a private entity, Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division and U.S. Attorney Craig Carpenito announced. Parmjit “Paul” Parmar, 48, of Colts Neck, New Jersey; and Ravi Chivukula, 44, of Freehold, New Jersey; as well as Sotirios “Sam” Zaharis, 51, of Weehawken, New Jersey, are charged by complaint with one count of conspiracy to commit securities fraud and one count of securities fraud. FBI special agents arrested Parmar May 16, near his home. afternoon before U.S. Magistrate Judge Leda Dunn Wettre in Newark, New Jersey federal court. Chivukula and Zaharis remain at large, according to a press release from the Justice Department.

Comments

Post a Comment

Popular posts from this blog

Bootleggers and Sales Tax Theft/Fraud by Patels, Hindus, Men and Women from Gujarat, India and Muslims, Indian Americans liquor store owners of Schaumburg, IL and Chicago area, indicted and faces Prison and Fine

Nine liquor store operators, including two from the Southland, have been charged with tax evasion as part of a crackdown on liquor bootlegging, the Illinois Attorney General's office announced Thursday. Between July 2010 and December 2013, the nine defendants defrauded the state out of $3.5 million in sales tax revenue, according to the office. Among those charged are Abdel Fattah Hammad, 41, of Tinley Park, who runs Al Muflihi Food & Liquors, in Chicago, and Yasir Kanan, 38, of Oak Lawn, who operates Jeff's Food and Liquor, 8258 S. Halsted St., Chicago. Hammad's bail was set Thursday at $100,00 and Kanan's at $50,000. Two Indiana men were also charged, and it's alleged that the Illinois merchants bypassed taxes they would have paid if they bought liquor from a distributor by dealing directly with Indiana liquor stores. State authorities were initially made aware of the bootlegging through a tip from an Illinois retailer, according to the Illinois ...
Post a Comment
Read more

Parimal Mehta, an Indian-American owner and CEO of an IT firm in Detroit has been indicted to bribe a city officials to receive work under MBE/Minority Owned Business Enterprise city contracts

Parimal Mehta, an Indian-American owner and CEO of an IT firm in Detroit has been indicted to bribe a city officials to receive work under MBE/Minority Owned Business Enterprise city contracts. An Indian-American owner and CEO of an IT firm in Detroit has been indicted for his alleged role in orchestrating a scheme to bribe a city official to obtain benefits for his company, the Justice Department said. Parimal D. Mehta, 54, of Northville, Michigan, was charged in a 11-count indictment with five counts of honest services mail and wire fraud, one count of federal programme bribery and five counts of unlawfully using interstate facilities to commit bribery, said Acting Assistant Attorney General John P. Cronan on Wednesday. Between 2009 to August 2016, Mehta made multiple cash payments to Charles L. Dodd, the former Director of Detroit's Office of Departmental Technology Services, according to the indictment. This included two cash bribes hand-d...
Post a Comment
Read more

Tech Millionaire, Punjabi, Gurbaksh Singh Chahal, Who Beat Girlfriend 117 Times Ducks Jail Despite Damning Video

RadiumOne CEO Gurbaksh Singh Chahal pleaded guilty to misdemeanor  domestic violence and battery charges  last week, dodging 45 felony counts for the videotaped 30-minute beating of his girlfriend. Chahal, 31, faces no jail time. He was sentenced to three years’ probation, 52 weeks in a domestic violence training program and 25 hours of community service. The Internet mogul was arrested in August after police responded to a 911 domestic violence call at his San Francisco penthouse apartment. His girlfriend told arriving officers that she was unable to breathe and that Chahal had told her four times, “I’m going to kill you,” San Francisco Officer Anh Nguyen told the  San Francisco Business Times  in March. “She stated she was in fear for her life.” Home security footage reportedly showed Chahal beating and kicking his girlfriend 117 times during the 30-minute attack. Prosecutors said Chahal lashed out at his girlfriend upon learning that she had cheated on him ...
Post a Comment
Read more