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

    When Canadian Governor General Delayed His Oath-Taking For A.P.J. Abdul Kalam

    When Canadian Governor General Delayed His Oath-Taking For A.P.J. Abdul Kalam
    A.P.J. Abdul Kalam was so much respected in Canada that the current Governor-General David Johnston delayed his oath-taking in 2010 so that he could personally 

    When Canadian Governor General Delayed His Oath-Taking For A.P.J. Abdul Kalam

    Toronto Police Looking For Man Who Hurled Vulgarities At On-Air CBC Reporter

    Toronto Police Looking For Man Who Hurled Vulgarities At On-Air CBC Reporter
    Charlsie Agro was live on air Sunday night recapping the impressive performance of Canada's female Pan Am athletes when a man shouted an obscenity that's frequently directed at female reporters on the job.

    Toronto Police Looking For Man Who Hurled Vulgarities At On-Air CBC Reporter

    Not A Cosy Starter-Home: Heritage Fire Hall In Cranbrook, B.C., Up For Sale

    Not A Cosy Starter-Home: Heritage Fire Hall In Cranbrook, B.C., Up For Sale
    CRANBROOK, B.C. — If you are looking for a heritage property with lots of character, the City of Cranbrook may have the listing for you — as long as you're in the market for a fire hall.

    Not A Cosy Starter-Home: Heritage Fire Hall In Cranbrook, B.C., Up For Sale

    Chinese Baby To Inherit Millions If Proven Progeny Of Murdered West Vancouver Man Gang Yuan

    Chinese Baby To Inherit Millions If Proven Progeny Of Murdered West Vancouver Man Gang Yuan
    A Chinese woman trying to prove her baby daughter has sole claim to the fortune of a murdered West Vancouver millionaire has won her bid for a paternity test.

    Chinese Baby To Inherit Millions If Proven Progeny Of Murdered West Vancouver Man Gang Yuan

    40-Year-Old Man Kyle Macdonald Killed In Speed-Flying Accident Near Squamish, B.C.

    40-Year-Old Man Kyle Macdonald Killed In Speed-Flying Accident Near Squamish, B.C.
    Speed-flying is a new sport similar to paragliding, but uses a significantly smaller wing, designed to provide a rapid descent.

    40-Year-Old Man Kyle Macdonald Killed In Speed-Flying Accident Near Squamish, B.C.

    High-Ranking Military Officer Lt.-Col. Mason Stalker Facing 'Significant' Sex-Related Charges

    High-Ranking Military Officer Lt.-Col. Mason Stalker Facing 'Significant' Sex-Related Charges
    The Canadian Forces National Investigation Service says Lt.-Col. Mason Stalker has been charged with 10 offences including sexual assault, sexual exploitation and breach of trust.

    High-Ranking Military Officer Lt.-Col. Mason Stalker Facing 'Significant' Sex-Related Charges