Indian-origin executives convicted of running Rs 8,200 crore corporate fraud scheme in US
Two executives of the Chicago-based start-up Outcome Health, who are of Indian origin, were found guilty by a federal jury in the US of operating a significant corporate fraud scheme that was directed at the company’s customers, lenders, and investors. During a 10-week trial, the jury found the co-founder and former CEO, Rishi Shah, guilty on 19 of 22 counts, the co-founder and former president, Shradha Agarwal, guilty on 15 of 17 counts, and the former chief operating officer, Brad Purdy, guilty on 13 of 15 counts, according to PTI. On each count of bank fraud and each count of…