India-origin former Cisco employee arrested in US
New York: An Indian-origin former employee of Cisco Systems has been arrested and charged with a criminal complaint alleging he defrauded a technology major of more than USD 9.3 million.
Prithviraj Bhikha, 50 was charged in a criminal complaint with wire fraud, US Attorney David Anderson and Federal Bureau of Investigation Special Agent in Charge John Bennett have said.
The criminal complaint was unsealed Monday following Bhikha's arrest on March 1 at the San Francisco International Airport.
Bhikha made his initial appearance Monday morning in federal court before US Magistrate Judge Joseph Spero and has been released on a USD three million bond.
His next court appearance is scheduled for March 18 for arraignment. If convicted on the charge in the criminal complaint, he faces a maximum sentence of 20 years' imprisonment, and a fine of USD 250,000 along with restitution.
According to an affidavit filed by a special agent of the Federal Bureau of Investigation, Bhikha of San Francisco was employed until mid-2017 by Cisco as a director in its global supply unit in San Jose. That unit was in charge of working with suppliers and vendors to obtain parts for Cisco products.
In around 2013, Bhikha is alleged to have begun advocating within Cisco for the approval of a new project, of which he would be in charge, the goal of which was for Cisco to retain third-party vendors to negotiate savings with manufacturers on small parts used in Cisco products.
The complaint affidavit alleges that Bhikha devised, participated in, and executed a scheme to defraud Cisco by establishing overseas business entities, then directing and approving Cisco contracts to these entities pursuant to the project, and failing to disclose his ownership interest in the overseas entities.
The affidavit alleges that Cisco wired approximately USD 6.5 million to one of these entities and approximately USD 2.8 million to another.
More than USD 8.5 million was wired from bank accounts associated with these two overseas entities to US bank accounts either controlled jointly by Bhikha and his wife or by his wife alone.
The complaint affidavit also alleges that, when Cisco employees became suspicious regarding one of Bhikha's overseas entities in 2016, Bhikha and another Cisco employee worked together to create documentation to send to Cisco employees regarding that company.
The other Cisco employee is also alleged to have asked a third party to pose as the CEO of the overseas entity in a meeting with Cisco employees in July 2016.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rickelton's ton in vain as SRH beat MI by 6 wickets
Mumbai (PTI): Ryan Rickelton's whirlwind unbeaten ton was overshadowed by Heinrich Klaasen's unbeaten 65 as Sunrisers Hyderabad defeated Mumbai Indians by six wickets in an IPL match here on Wednesday.
Chasing an imposing 244-run target, Travis Head (76 off 30) and Abhishek Sharma (45 off 24) shared 129 runs for the opening wicket to set the platform for SRH.
Klaasen (65 not out off 30 balls) then displayed his all-round hitting abilities to guide SRH home with the help of Nitish Kumar Reddy (21) and Salil Arora (30 not out off 10) in 18.4 overs.
Earlier, Rickelton's knock powered MI to 243 for five.
MI rode on a 93-run stand between Rickelton (123 not out off 55 balls) and Will Jacks (46 off 22) in 7.1 overs for the opening stand to power the side.
MI skipper Hardik Pandya scored a valuable 31 off 15 balls before being dismissed.
Praful Hinge (2/54), Eshan Malinga (1/29), Sakib Hasan (1/39) and Nitish Kumar Reddy (1/31) were the wicket-takers for SRH.
Brief Scores:
Mumbai Indian: 243 for 5 in 20 overs (Ryan Rickelton 123 not out; Praful Hinge 2/54).
Sunrisers Hyderabad: 249 for 4 in 18.4 overs (Travis Head 76, Heinrich Klaasen 65 not out; AM Ghazanfar 2/51).
