It would be hard for Pakistan to come out of grey list. Even if it did, any support to Kashmir through militants would mean a black list in the next review of FATF. So it is good for India. It ensures they play by rules.
This is related to financial transactions through international financial agencies. It has nothing to do to Kashmir.
This is call fraud. Indians have bad reputation in US institutions.
North Texas Man Allegedly Stole $24 Million in PPP Funds, Sent Cash to India, Paid off Mortgages
The Coppell resident was able to rip off almost $18 million and sent part of it to India, paid off mortgages, purchased a new home, and bought a luxury car.
HAYDEN SPARKSOCTOBER 14, 2020
Photo courtesy of Dallas County Sheriff's Office
A North Texas man has been indicted for money laundering and fraud after federal authorities say they uncovered a plot to use fake companies to defraud the Paycheck Protection Program (PPP) of $24 million.
Federal prosecutors announced last week that 55-year-old Dinesh Sah of Coppell has been charged in the U.S. District Court for the Northern District of Texas.
“Sah ultimately received approximately $17.7 million in PPP loan funds and allegedly used the proceeds primarily for personal expenses, spending them on multiple homes and luxury cars, including a 2020 Bentley convertible, and sending millions of dollars in international transfers, the indictment alleges,” the press release stated.
A special agent with the Federal Deposit Insurance Corporation (FDIC) Inspector General said in a criminal complaint affidavit that Sah used part of the proceeds from his fraud to send cash to India.
Special Agent in Charge Tamera Cantu of IRS Criminal Investigation’s Dallas Field Office characterized Sah’s actions as a “disgraceful display of greed.”
“Mr. Sah looked at the Paycheck Protection Program as his own personal piggy bank, treating himself to not only millions in cash, but several luxury vehicles and properties, all while legitimate small business owners in the United States desperately sought out ways to put food on their tables and to ensure their employees were paid,” Cantu said.
Authorities say they have so far only been able to recover $6.5 million of the stolen funds.
The federal case against Sah is one more in a series of cases in Texas against those accused of abusing relief programs for small businesses.
Disclosure: Unlike almost every other media outlet, The Texan is not beholden to any special interests, does not apply for any type of state or federal funding, and relies exclusively on its readers for financial support. If you’d like to become one of the people we’re financially accountable to, click here to subscribe.
@LeGenD @Areesh @AgNoStiC MuSliM @PradoTLC ... enjoy ... I can add more Indian frauds ...
Agno what's going on in your neighborhood. ..