Close X
Monday, November 11, 2024
ADVT 
National

Three Indian Americans Charged With $2.5-Million Bank Fraud And Money Laundering

The Canadian Press, 07 Aug, 2015 11:33 AM
    US authorities have charged three Indian Americans with a $2.5-million bank fraud and money laundering, media reports said.
     
    Binder Tal (33), Baldev Tal (32) and Shariful Mintu (36) were alleged to have fraudulently obtained loans and lines of credit from banks, credit unions and other lending institutions by providing false information to the lenders about their assets, the official website of the United States department of justice said.
     
    Baldev Tal was arrested in Orefield, Pennsylvania while Mintu was arrested in Orange County, New York. Binder Tal remains at large.
     
    "For years, banks, credit unions, and small businesses have lost millions of dollars because of the fraud allegedly perpetrated by the defendants in this case," said Preet Bharara, the US Attorney for the southern district of New York.
     
    Through their scheme, the three fraudulently obtained over $2.5 million.
     
    If convicted, the trio may get a maximum sentence of 30 years in prison on the charge of conspiring to commit bank fraud and a maximum sentence of 20 years on the charge of conspiring to commit money laundering.

    MORE National ARTICLES

    Wife Of Dead Officer Says RCMP Made Her Husband 'Scapegoat' In Robert Dziekanski Death

    The wife of an RCMP officer who killed himself two years ago claims that her husband was used by the Mounties a scapegoat in the death of Robert Dziekanski at Vancouver's airport in October 2007.

    Wife Of Dead Officer Says RCMP Made Her Husband 'Scapegoat' In Robert Dziekanski Death

    Jim Chu, Vancouver's Former Chief Constable Joins High Profile Private Sector Firm

    Chu has joined the Aquilini Investment Group (AIG) as vice president of special projects and partnerships.

    Jim Chu, Vancouver's Former Chief Constable Joins High Profile Private Sector Firm

    Report On Environmental Response To Vancouver Oil Spill Set To Be Released

    Report On Environmental Response To Vancouver Oil Spill Set To Be Released
    VANCOUVER — A report reviewing the coast guard's environmental response to a fuel spill in Vancouver's English Bay that soiled several beaches is expected to be released Friday.

    Report On Environmental Response To Vancouver Oil Spill Set To Be Released

    Long Delay Before Suspect In Murder Of Grandparents And Grandson Goes To Trial

    Long Delay Before Suspect In Murder Of Grandparents And Grandson Goes To Trial
    Douglas Garland was arrested last year following the disappearance of Alvin and Kathy Liknes and five-year-old Nathan O'Brien.

    Long Delay Before Suspect In Murder Of Grandparents And Grandson Goes To Trial

    Provincial Police Say Speeder Wanted To Reach Cottage In Time For Sunset

    Provincial Police Say Speeder Wanted To Reach Cottage In Time For Sunset
    Ontario Provincial Police say a car was clocked at 150 kilometres an hour in an 80 km/h zone earlier this week on the Bluewater Veteran's Highway near St. Joseph, on Lake Huron.

    Provincial Police Say Speeder Wanted To Reach Cottage In Time For Sunset

    Outgoing Minister Peter Mackay To Support Conservatives 'Where I'm Requested'

    CALGARY — Regrets? He's had a few, but outgoing Justice Minister Peter MacKay says he's ready to leave the day-to-day politicking behind and focus on family.

    Outgoing Minister Peter Mackay To Support Conservatives 'Where I'm Requested'