Texas engineer sought millions of dollars in forgivable loans to pay non-existent employees.
A Texas based Indian American engineer has pleaded guilty for filing fraudulent bank loan applications seeking more than $10 million dollars in forgivable loans under covid-relief law.
Shashank Rai, 30, of Beaumont, pleaded guilty in the Eastern District of Texas Tuesday to one count of making false statements to a bank, according to a Justice Department release.
