An Indian American was indicted in 19 cases relating to bribery and tax fraud. The US Police took 57-year-old Raguveer Naik into the custody and produced before the court today. He was facing indictments for paying off bribes to medical practitioners for sending their patients to him for filing false income tax reports.

Raghuveer Nayak was a fund raiser. He so far filed four false income tax returns between 2005 and 2008. He was even charged with 10 counts of mail fraud. According to the indicments, the court would be forfeiting $1.8 million dollars or assets equivalent to that amount. Nayak's Oak Brook, residence in Illinios and two surgery centres are likely to be forefeited. Notably, each count of mail fraud counts 20 years of imprisonment to which a fine of 2,50,000 USD might be added to. And for each count of false income tax return, the punishment would be three years of imprisonment to which a fine upto $2,50,000 may be added to.

Whilst Indians in America are continusing to shine in both the cabinet, business and elite professions, a few white collared fraudsters are bringing bad name off shores to their mother land. People, who wants to get rich through unfair means, should learn a lesson looking at the after affects that Raghuveer Nayak is facing.

(AW Phani)