IIT graduate accused of stealing $65 million and fleeing the US

October 09, 2015 16:28

Former venture capitalist Iftikar Ahmed is believed to be hiding in India after stealing $65 million (or Rs 420 crore) from the US firm where he was employed for many years, according to a report in Wall Street Journal.

The IIT-Delhi and Harvard Business School-educated Mr Ahmed fled from the US some time before May 2015 in violation of a judge's order in the criminal insider trading case, according to the US Securities and Exchange Commission.

43-year-old Mr Ahmed, a former general partner at Oak Investment Partners, has been accused of insider trading and of cheating his clients out of tens of millions of dollars.

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