Two Indian-origin men in US guilty of fraud in multi-million dollar Covid fund
Houston (PTI): Two men of Indian origin in the US have pleaded guilty to their participation in a multi-million dollar fraud scheme by obtaining loans under an economic assistance plan following the Covid-19 pandemic in the country, the justice department said.
The Department of Justice in a statement said Nishant Patel, 41, and Harjeet Singh, 49, both from Houston and three others engaged in fraudulently obtaining and laundering millions of dollars in forgivable Paycheck Protection Programme (PPP) loans that the Small Business Administration (SBA) guarantees under the CARES Act.
They admitted to submitting false and fraudulent PPP loan applications to SBA and certain SBA-approved PPP lenders.
All five defendants also assisted in laundering the fraudulently obtained PPP loan funds by supplying co-conspirators with blank, endorsed checks, which were made payable to people posing as employees of the companies that received the PPP loan, but who were in fact not employees.
These fake paychecks were then cashed at check-cashing stores that other members of the conspiracy controlled.
As part of the scheme, Patel obtained a false and fraudulent PPP loan of about USD 474,993 and Singh obtained two false and fraudulent PPP loans for a total of USD 937,379, the statement said.
The three others involved in the fraud obtained a total amount of more than USD 1.4 million, it added.
They are scheduled to be sentenced on January 4 next year and each face a total maximum penalty of five years in prison.
In addition to these five defendants, one other individual was convicted at trial for his involvement in the scheme, and 15 other individuals have pleaded guilty to their involvement in the loan fraud scheme.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 provided fast and direct economic assistance for American workers, families, small businesses, and industries affected by the Covid-19 pandemic.
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Drunk woman held for hitting police constable with car in Rohini
New Delhi (PTI): A 40-year-old woman was arrested for allegedly ramming a car into a police barricade and injuring a constable in northwest Delhi's Rohini, police said on Friday.
The incident took place on December 24 in Sector 11 of Rohini where a barricade had been placed, they said.
According to police, a caller informed them that a female driver, apparently drunk, had hit a police constable with her car.
A police team rushed to the spot and found the white car that had struck the barricade.
The woman, a resident of Sector 16, Rohini, was found to be under the influence of alcohol, police said.
Constable Rohit, posted with the 1st Battalion of the Delhi Armed Police, who suffered injuries in the collision, was taken to BSA Hospital for treatment, police said.
They said the woman, who works in the private sector, was returning home from a birthday party when the incident occurred.
She was arrested, and her car was seized, they said.
