Connexionblog
Monday, October 2, 2023
  • About Us
  • Home
No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
No Result
View All Result
Connexionblog
No Result
View All Result
Home Bussiness

Indian-origin ex-employee sentenced to 3 years and fined ₹155 crore. Fraud of Rs 138 with Apple

by Ananya Dewan
May 1, 2023
in Bussiness
0
Quiz banner
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


12 minutes ago

copy link

A former Indian employee of Apple has been found guilty of defrauding the company of $17 million (about ₹138 crore). The US Department of Justice has sentenced him to 3 years in prison and has also asked the company to pay a fine of $19 million i.e. around Rs 155 crore.

According to a press release shared by the US Attorney’s Office, 55-year-old Dhirendra Prasad was indicted in November 2022 on charges of conspiracy to defraud Apple and related tax crimes. Dhirendra also admitted that he collaborated with two vendor companies for his activities and tax evasion.

Dhirendra has also been ordered to pay Rs 15 crore in the tax evasion case. Apart from this, it has been ordered to confiscate assets worth more than Rs 44 crore and pay an additional Rs 65 crore in cash. Dhirendra has accepted all the charges.

Worked at Apple from 2008 to 2028
According to media reports, Dhirendra worked as a buyer in Apple’s global services supply chain between 2008-2018. He was responsible for many other tasks ranging from buying phone parts from vendors.

These allegations against Dhirendra

He took payment from Apple for products that the company never received. Apart from this, Dhirendra stole parts and inflated the invoice. He used to buy old devices of the company’s products which were under warranty. Dhirendra Had made a deal with two companies for this work. He never paid tax on the money he earned by cheating Apple. There are more news…


<

ShareTweetPin

Related Posts

Moneycontrol - Hindi Business News
Bussiness

SEBI extends deadline for listed companies to deny or confirm rumors

October 2, 2023
App Install Banner
Bussiness

CMIE, Unemployment falls to 1-yr low in September as rural joblessness declines. Unemployment rate fell from 8.10% to 7.09% in September, its lowest level in a year

October 2, 2023
Moneycontrol - Hindi Business News
Bussiness

Quarterly results of IT companies may disappoint, Nomura made this estimate regarding revenue growth

October 2, 2023
App Install Banner
Bussiness

6 including mining tycoon Harpal die in plane crash | His son was also on board the plane, which was going from Harare to Murova.

October 2, 2023
Moneycontrol - Hindi Business News
Bussiness

Realty Stock: This realty stock jumped 70% in seven days, know the reason

October 2, 2023
App Install Banner
Bussiness

FD Interest Rate Vs Mahila Samman Saving Certificate Scheme; Investment Comparison | Before investing, know where it is more beneficial to invest money, understand the complete mathematics

October 2, 2023
Next Post
मारुति का चौथी तिमाही का शुद्ध लाभ 42 प्रतिशत बढ़कर 2,671 करोड़ रुपये पर

Trying to buy chips from multiple sources, supply side issues persist: Maruti

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Connexionblog 2023. All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology

© Connexionblog 2023. All Rights Reserved.