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Indian-origin business owners charged in a $53 million COVID relief program-related fraud

Priyanka Bhowmick — Mon, 10 Jul 2023 08:33:14 +0000

A group of around 14 people, including several business owners and employees of Indian origin, have been charged in a massive fraud scheme involving a COVID-19 pandemic relief program in the US state of Texas.

The case, considered the largest investigation to date by the Pandemic Response Accountability Committee (PRAC) Fraud Task Force, has led to the arrest of defendants across Texas, California and Oklahoma.

The defendants are alleged to have defrauded the proceeds of the Paycheck Protection Program (PPP), a financial program introduced during the COVID-19 pandemic, as well as more than $53 million in loans to various financial institutions.

Leigha Simonton, the U.S. Attorney for the Northern District of Texas, stressed the importance of the allegations, saying that “defrauding the government is an insult to American taxpayers.” Cheating the government during a pandemic – at a time when millions of hardworking entrepreneurs were struggling to work. Salary and rent – pouring salt on the wound. “

“These defendants conspired to steal millions of dollars from the PayCheck Protection Program—funds that could help legitimate businesses pay their bills and keep their employees floating.”

The 14 people face a 16-count indictment, including conspiracy to commit bank fraud, bank fraud, wire fraud, making false statements and conspiracy to commit money laundering.

The accused submitted fraudulent PPP loan applications, manipulated bank statements and tax forms to inflate salary costs.

They created a false paper trail of payroll expenses by routing loan funds through multiple bank accounts.

Among the accused are Mihir Patel, chief financial officer of Sunshine Recycling, as well as owners and employees of various businesses including the Mammoth Group, R.A. Industries, L.K. Industries, West Texas Scrap, Gulf Coast Scrap, 4G Metals, West Texas Equipment, NTC Industries, Sunshine Recycling, Level Eight, Elephant Recycling, Nanosoft Technologies and others.

The PPP, established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, aims to provide financial assistance to individuals and businesses affected by the pandemic. It offers forgivable loans to small businesses to cover payroll and certain business expenses. The program ended in May 2021.

If convicted, the defendants face up to 30 years in federal prison for each count of conspiracy to commit bank fraud, bank fraud and aiding and abetting, bank fraud, and making false statements to the Federal Deposit Insurance Commission (FDIC). ) In addition, they face up to 20 years in prison for wire fraud and 10 years for conspiracy to commit money laundering.

India reports 159 new Covid Cases

Priyanka Bhowmick — Mon, 05 Jun 2023 09:04:05 +0000

The Union Health Ministry said in an update on Monday, with 159 new cases reported in the last 24 hours, a decline in coronavirus infections in India, bringing the active caseload down to 3,193.
The death toll since the pandemic began in 2020 has risen to 531,882
Health experts have noted a drop in hospitalizations as fewer cases of Covid-19 are being reported. However, the elderly or those with underlying health conditions are at risk of contracting the virus. Hence, doctors recommend completing the vaccine schedule and adhering to Covid-appropriate behavior.

India reports 2,109 fresh COVID cases

Priyanka Bhowmick — Wed, 10 May 2023 07:37:45 +0000

India recorded 2,109 new COVID-19 cases, while the number of active cases dropped from 22,742 to 21,406, according to union health ministry data on Wednesday. The number of Covid-19 cases now stands at 4.49 crore (4,49,74,909).

The death toll rose to 5,31,722 with eight deaths, including kerala, updated at 8 am.

At 21,406, active cases comprise 0.05 percent of total infections.

The national COVID-19 recovery rate has been recorded at 98.77 per cent, the ministry said.

The number of recoveries from the disease rose to 4,44,21,781, while the fatality rate stood at 1.18 per cent.

India Logs 7,171 New COVID 19 Cases

Priyanka Bhowmick — Sat, 29 Apr 2023 10:24:19 +0000

India reported a one-day spike of 7,171 new coronavirus cases, while active cases declined to 51,314, according to union health ministry data updated on Saturday.
With 40 deaths, the death toll rose to 5,31,508, of which Kerala, for 15, updated data at 8 am.
The total number of Covid cases recorded at 4.49 crore.
Active cases now account for 0.11 percent of total infections, while the national Covid-19 recovery rate has been recorded at 98.70 percent, according to the health ministry’s website.
The number of people who have recovered from the disease has increased to 4,43,56,693 while the case fatality rate has been recorded at 1.18 per cent. According to the ministry’s website, 220.66 crore doses of Covid vaccine have been administered in the country so far.

India logs 6,660 fresh Covid cases

Priyanka Bhowmick — Tue, 25 Apr 2023 07:22:02 +0000

With 6,660 new Covid cases registered in India in the last 24 hours, the active caseload in the country has come down to 63,380, updated Union Health Ministry data on Tuesday.

On the last day, 24 people died due to this virus. While the daily positivity rate was recorded at 3.52 percent, the positivity rate was estimated at 5.42 percent on a weekly basis.

The number of Covid cases has been recorded at 4.49 crore. India’s active cases now account for 0.14 percent of the total infections.
According to ministry data, the national recovery rate has been recorded at 98.67 percent.
The recovered person number has increased to 4,43,11,078 and the case fatality rate has been recorded at 1.18 percent.

So far, the country has administered 220.66 crore Covid vaccine doses all over the India vaccination drive.

India Records 11,692 Fresh COVID-19 Cases

Priyanka Bhowmick — Fri, 21 Apr 2023 07:58:29 +0000

India recorded 11,692 new coronavirus cases, while active cases rose to 66,170, according to union health ministry data updated on Friday.

The death toll rose to 5,31,258 with 28 deaths including nine recoveries in Kerala, data updated at 8 am said.

The number of Covid cases has recorded 4.48 crore (4,48,69,684) active cases which is now 0.15 percent of the total infections and the national COVID-19 recovery rate is recorded at 98.67 percent, the ministry said.

The number of recoveries from the disease rose to 4,42,72,256, while the death rate was recorded at 1.18 percent.

As per the report of the ministry’s website, 220.66 crore doses of Covid vaccine have been administered in the country so far under the nationwide immunization campaign.

India logs over 6,000 Covid infections in 24 hours

Priyanka Bhowmick — Fri, 07 Apr 2023 08:59:42 +0000

According to Union Health Ministry data updated on Friday, India recorded another jump as 6,050 Covid cases were logged in the country in the last 24 hours. yesterday the country reported 5,300 active covid cases.

With this, the country’s active COVID-19 caseload reached 28,303 active cases, an increase of nearly 2716 cases.

As the case progresses, Union Health Minister Dr. Mansukh Mandaviya will chair a review meeting with the health ministers of all states and Union Territories today, news agency ANI reported.

“The Center has regularly issued guidelines to states and Union Territories on Covid-19. PM Modi has reviewed the matter with all states. Today, Health Minister Dr Mandaviya will hold a review meeting with state and union territory health ministers,” MOS Health Dr Bharti Pravin Pawar was quoted as saying by the agency.

India logs 1,590 Covid cases, highest in 146 days

Priyanka Bhowmick — Sat, 25 Mar 2023 10:13:21 +0000

India recorded a one-day rise of 1,590 new coronavirus cases, the highest in 146 days, while the number of active cases of infection increased to 8,601, the health ministry said on Saturday.

The death toll from the viral disease rose to 5,30,824 with six more deaths — three reported from Maharashtra and one each recorded in Karnataka, Rajasthan and Uttarakhand, according to ministry data updated at 8 am.

With the new cases, India’s Covid-19 tally rises to 4,47,02,257.

India Records 111 New Covid Cases In 24 Hours

Priyanka Bhowmick — Thu, 02 Feb 2023 10:04:24 +0000

India has reported 111 new Covid cases in the last 24 hours, taking the total number of infections to 4,46,82,896.
According to the Ministry of Health website, active cases now account for 0.01% of total infections, while the national recovery rate is 98.81%.
The death toll stands at 5,30,740, according to Union Health Ministry data.

Fresh 109 Covid Cases in India in 24 Hours

Priyanka Bhowmick — Tue, 31 Jan 2023 07:36:39 +0000

India saw a one-day increase of 109 coronavirus infections yesterday, while active cases stood at 1,842, according to Union Health Ministry data updated on Sunday. The total number of Covid cases stood at 4.46 crore (4,46,82,530) and the death toll at 5,30,739, the data updated at 8 am said.
The number of Covid infections in the country has reached 4.46 crore (4,46,82,639), it showed.

The death toll due to the disease stood at 5,30,740 and one death was reported in Gujarat, data updated at 8 am said.

The daily positivity rate was recorded at 0.07 percent and the weekly positivity was pegged at 0.08 percent, according to the data.

According to the ministry, active cases now account for 0.01 percent of total infections, while the national COVID-19 recovery rate has risen to 98.81 percent.