Tax Evasion Money Laundering Legal Proceedings Corporate Fraud Sentencing Wire Fraud Tax Fraud Employee Misconduct Prevention of Money Laundering Act Conviction Loan Fraud Identity Theft Real Estate Fraud Scheme Mortgage Fraud Gambling Debts Criminal Conspiracy Unauthorized Access New India Co-Operative Bank Forgery Court Sentencing Reliance Home Finance Ltd. Embezzlement Punjab National Bank Civil Liability Electronic Benefits Transfer (EBT) Fraud Bank Account Misuse Litigation Indictment Anil Ambani Enforcement Directorate Conspiracy to Commit Bank Fraud Veterans Fraud Threats Gambling Housing Loan Fraud Conspiracy CBI Investigation Gambling Fraud Syndicate Bank Impersonation Check Fraud Federal Prosecution
Federal prosecutors say forged brokerage records and repeated fake financial statements were used to obtain roughly $24 million in loans.