Close X
Saturday, November 16, 2024
ADVT 
International

Indian-American Businessman Jailed For 15 Months For Fraud

Darpan News Desk IANS, 08 Jul, 2016 03:12 PM
    A 61-year-old Indian-American businessman has been jailed for 15 months and fined for conspiring to commit fraud in the US by illegally obtaining over $6 million in contracts meant for small and disadvantaged businesses in the country.
     
    Tarsem Singh, a businessman from Fairfax in Virginia, pled guilty to the charge in last December in the US District Court for the District of Columbia.
     
    He was sentenced by Judge B Walton who also fined Mr Singh $25,000 and ordered him to pay $119,165 in restitution.
     
    After his prison term, Mr Singh will be placed on three years of supervised release and required to perform community service.
     
    He was sentenced on Tuesday to 15 months in prison for conspiring to commit fraud on the US by illegally obtaining over $6 million in contracts that were meant for small, disadvantaged businesses, According to the US Attorney's office district of Columbia.
     
    The fraudulent activities involved the US Small Business Administration's program which was created to help small, disadvantaged businesses compete in the American economy and access the federal procurement market.
     
    According to the government's evidence, from January 12, 2000 through January 12, 2009, Mr Singh and his wife, through a firm described in court documents as "Company A" which specialised in construction and renovating and altering buildings, obtained millions in federal contracts.
     
    Shortly after "Company B" was certified, Mr Singh caused himself to be named its vice president. As the vice president of "Company B", Mr Singh was contacted by government personnel about federal contracts and, in some circumstances, made the decision on whether the company would bid on these projects.
     
     
    Throughout the life of the contracts obtained through this scheme, "Company B" had only one employee who performed work on the projects it was awarded. Singh used a combination of "Company A" personnel and sub-contractors to staff projects awarded to "Company B".
     
    From August 2009 through December 2010, "Company B" obtained a total of $6,808,552 in more than 25 federal contracts in this manner from the General Services Administration. The scheme generated at least USD 90,397 in profits for "Company A". In addition, Mr Singh received at least $28,768 in compensation attributable to the contracts. To disguise the activities, Mr Singh took a variety of steps, including obtaining magnetic logos.

    MORE International ARTICLES

    US Repeals Meat Labeling Law After Trade Rulings Against It; Consumers Won't Know Meat Origin

    US Repeals Meat Labeling Law After Trade Rulings Against It; Consumers Won't Know Meat Origin
    WASHINGTON — It's now harder to find out where your beef or pork was born, raised and slaughtered.

    US Repeals Meat Labeling Law After Trade Rulings Against It; Consumers Won't Know Meat Origin

    Proposed One-Metre Rule For Cars And Cyclists 'A Great Idea:' Manitoba Premier

    Proposed One-Metre Rule For Cars And Cyclists 'A Great Idea:' Manitoba Premier
    Selinger says a call to force drivers to move over at least one metre when passing a cyclist is "a great idea" that he would like to see become law.

    Proposed One-Metre Rule For Cars And Cyclists 'A Great Idea:' Manitoba Premier

    Indian Consulate In Afghanistan Attacked, Two Terrorists Killed

    Indian Consulate In Afghanistan Attacked, Two Terrorists Killed
    A group of armed men late Sunday attacked the Indian consulate in Mazar-e-Sharif, the capital of northern Balkh province, the provincial governor spokesperson told media.

    Indian Consulate In Afghanistan Attacked, Two Terrorists Killed

    In Conversations With Prominent Figures, Obama Tries To Reconnect Before Presidency Runs Out

    In Conversations With Prominent Figures, Obama Tries To Reconnect Before Presidency Runs Out
    President Barack Obama has held a series of "conversations" with figures in arts, letters and entertainment as the White House experiments with ways to reconnect Americans to the president before they say goodbye to him.

    In Conversations With Prominent Figures, Obama Tries To Reconnect Before Presidency Runs Out

    Saudi Beheadings Soar In 2015 To Highest In 2 Decades Under Discretionary Rulings By Judges

    Saudi Beheadings Soar In 2015 To Highest In 2 Decades Under Discretionary Rulings By Judges
    Coinciding with the rise in executions is the number of people executed for non-lethal offences that judges have wide discretion to rule on, particularly for drug-related crimes.

    Saudi Beheadings Soar In 2015 To Highest In 2 Decades Under Discretionary Rulings By Judges

    Universities Tap Into Growth In Craft Beer Industry By Offering Business Classes

    Universities Tap Into Growth In Craft Beer Industry By Offering Business Classes
    In the last decade, the number of craft breweries has grown to more than 4,000 in the U.S. today, from more than 1,400 in 2005, according to the Brewers Association.

    Universities Tap Into Growth In Craft Beer Industry By Offering Business Classes