Close X
Tuesday, November 26, 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

    Enbridge Expects Line 9B Pipeline Testing To Wrap Up By Year-end

    CALGARY — Enbridge Inc. says it expects integrity testing on its Line 9B pipeline between southern Ontario and Montreal to wrap up by year-end.

    Enbridge Expects Line 9B Pipeline Testing To Wrap Up By Year-end

    N.W.T.'s 'Bush University' Teaches Land-claim Skills

    N.W.T.'s 'Bush University' Teaches Land-claim Skills
    YELLOWKNIFE — A unique Arctic college is starting a program aimed at giving aboriginal people the skills they need to negotiate, implement and monitor land claims.

    N.W.T.'s 'Bush University' Teaches Land-claim Skills

    Federal And Manitoba Governments Promise Channels To Ease Flooding Near Reserve

    Federal And Manitoba Governments Promise Channels To Ease Flooding Near Reserve
    The federal and Manitoba governments are promising $495 million for two channels to ease flooding near communities such as Lake St. Martin, a reserve that has been flooded out for four years.

    Federal And Manitoba Governments Promise Channels To Ease Flooding Near Reserve

    Ottawa closes sale of Canadian Wheat Board, name changes to G3 Canada Ltd.

    Agriculture Minister Gerry Ritz says Ottawa has finalized the sale of the agency that marketed grain for western Canadian farmers since 1935 to G3 Global Grain Group.

    Ottawa closes sale of Canadian Wheat Board, name changes to G3 Canada Ltd.

    Police Search For Bryce Gray,17-Year-Old Boater, Last Seen Near Burns Lake

    Police Search For Bryce Gray,17-Year-Old Boater, Last Seen Near Burns Lake
    Bryce Gray's boat was found empty on the shore of Tchesinkut Lake early Wednesday morning, and the boat motor was missing

    Police Search For Bryce Gray,17-Year-Old Boater, Last Seen Near Burns Lake

    Coroner, Police Identify B.C. Man Two Decades After He Died In Victoria

    Kenneth Boseley's name was not known when he died at the age of 35 in October 1994, and subsequent genetic attempts to identify the man failed.

    Coroner, Police Identify B.C. Man Two Decades After He Died In Victoria