NRI arrested for ₹1,000 crore bank fraud
Washington: California police have arrested Mahendra Makhijani (44), an Indian-American, for defrauding a bank of $100 million (approximately ₹1,000 crore). A case has been registered against him—a Green Card holder—for committing irregularities involving insurance policies and defrauding banks. Legal officials stated that he was arrested on Wednesday and faces a maximum prison sentence of 30 years if convicted.
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