Dhirendra Prasad, 52, labored for 10 years as a purchaser in Apple’s International Service Provide Chain division. A federal felony case unsealed Friday alleges that he exploited his place to defraud the corporate in a number of schemes, together with stealing components and inflicting the corporate to pay for objects and companies it by no means obtained.
A courtroom has allowed the federal authorities to grab 5 actual property properties and monetary accounts value about $5 million (roughly Rs. 40 crore) from Prasad, and the federal government is in search of to maintain these belongings as proceeds of crime, the US Lawyer’s workplace in San Jose stated in a information launch.
Prasad is scheduled to seem in courtroom subsequent Thursday to reply to expenses of partaking in a conspiracy to commit fraud, cash laundering, and tax evasion. It’s unclear whether or not he has retained a lawyer. A telephone quantity listed for him was disconnected.
Two house owners of vendor firms that did enterprise with Apple have admitted to conspiring with Prasad to commit fraud and launder cash, prosecutors stated.
Prasad is scheduled to make a primary look in US District Court docket in San Jose subsequent week on Thursday. Fraud, cash laundering, and tax evasion every carry most sentences of 5 to twenty years, however sentencing tips and judges’ discretion imply most individuals convicted of fraud in federal courtroom obtain lower than the utmost sentence.