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Two Indian-Americans charged with defrauding Connecticut state

Press Trust of India  |  Washington 

Two Indian-Americans have been charged with allegedly defrauding of about USD 5.8 million in taxes due on products imported into the State, a has said.

Pavan Vaswani, 39, and Rishi Malik, 45, were arrested on Thursday.

While Malik has been detained pending a detention hearing, Vaswani was released on a USD 250,000 bond.

Both have been indicted on 13 counts.

Between 2013 and 2017, Vaswani filed false forms with the Department of Services that underreported his taxes due.

He then paid over those lower amounts instead of taxes actually owed.

Mailk conspired with Vaswani through means including forming a company, Discount Deals, to acquire smokeless that was imported into without payment of taxes, prosecutors said.

If convicted, each count carries a maximum term of imprisonment of 20 years.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 13 2018. 07:10 IST
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