Indian Origin Ex-CEO Pays $1.8 Million To Resolve Case Of False Claims

Indian Origin Ex-CEO Pays $1.8 Million To Resolve Case Of False Claims

A former Indian-origin CEO of a data centre has agreed to pay USD 1.8 million to resolve a case of falsifying certification for the facility under a contract with the US Securities and Exchange Commission (SEC), the Department of Justice said.

Political Development
Political Development

This year, the Administration launched the Task Force to Eliminate Fraud and the National Fraud Enforcement Division to enhance the Administration’s war on fraud, waste, and abuse in federal programs.

“Those who do business with the government must do so fairly and honestly,” said Assistant Attorney General Brett A Shumate of the Justice Department’s Civil Division. “We will continue to pursue contractors that knowingly fail to provide required services to federal agencies,” Shumate said in a statement on Monday. “Protecting taxpayer dollars is an OIG priority,” said SEC Inspector General Kevin Muhlendorf. “The SEC OIG’s dedicated team of investigators and auditors works tirelessly to hold contractors accountable, and we appreciate our continued partnership with the Department of Justice in that shared endeavour,” he said.