Tag Archives: Paycheck Protection Program

Texas Indian American Engineer faces charges over $10 million fraud PPP loan

diaspora news

An Indian-origin engineer by name Shashank Rai has been charged by Texas prosecutors for fraudulent applications for $10 million loans under the COVID-19 relief program claiming to be for his firm employees. The charges include bank fraud and making false statements to a federal agency. Paycheque Protection Programme (PPP) is an initiative of the federal government to provide emergency help ...

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