Apple was defrauded of $ 17 million by Indian origin, this is how fraud was done

Washington, A former employee of the iPhone maker and American tech company Apple has been indicted for defrauding more than $17 million over seven years. The news agency AP quoted the US Attorney’s Office as saying that in a written plea agreement, Dhirendra Prasad described the plans made while acting as a buyer for Apple’s global supply chain. In this, the accused has admitted that he inflated invoices for fraud, theft of parts and asking the company to pay for goods and services that were never done.

Apple lost more than $ 17 million
The accused used to pack the old item many times and send it back to the company itself, for which he also used to charge the company. Prasad admitted that these plans continued through 2018 and caused Apple to lose more than $17 million. Prosecutors said 52-year-old Prasad has been indicted on several counts including conspiracy to commit fraud and conspiracy to defraud the United States.

may be sentenced to 20 years
If sentenced in March next year, Prasad could face more than 20 years in prison. Along with Prasad, two co-conspirators who did business with Apple have been charged in separate federal cases. All these accused making such a big deal to Apple is a matter of surprise in itself.

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FIRST PUBLISHED : November 02, 2022, 07:18 IST

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