New York: The Indian-origin man who tried to obtain a loan of 65 crore rupees through fraudulent documents from American banks will be sentenced to 20 years in prison, the court said.
Indian-origin Abhishek Krishnan, 40, lived in North Carolina, USA. During the coronavirus lockdown, the US Small Business Administration announced economic protection programs. Accordingly, it provided credit assistance as a means of providing economic security to small businessmen.
After returning to India, Abhishek Krishnan submitted 17 loan applications ‘online’ using fake documents and applied for a loan amount of Rs 65 crore. He was disbursed a loan of 25 crore rupees.
He transferred this money to his Indian account. In this matter, Abhishek Krishnan has been booked under various sections of fraud.
If convicted, he could be jailed for up to 20 years, the court said.
Prison for Indian origin!
Chinnaswamy Muniraj, 26, lives in the Southeast Asian country of Singapore. He has a habit of visiting casinos in Singapore. At that time, he stole ‘coins’, called ‘chips’, won by others playing and got money illegally. Like this, he was involved in theft 34 times and cheated up to 50 thousand rupees. The country’s court sentenced him to five weeks in jail yesterday.
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