Indian American CEO indicted for bribery
February 01, 2018 10:00
A former Indian American CEO of an IT company based in the US city of Detroit has been indicted for his alleged role in orchestrating a scheme to bribe a city official to obtain benefits, the Department of Justice said today.
According to the 11-count indictment filed in the Eastern District of Michigan, Parimal D Mehta, 54, made multiple cash payments to Charles Dodd, former Director of Detroit's Office of Departmental Technology Services between 2009 to 2016.
This included two cash bribes hand-delivered by Mehta to Dodd in the restrooms of Detroit-area restaurants in 2016, the DOJ alleged.
Mehta is also alleged to have employed Dodd's family members at FutureNet and its subsidiaries. Dodd previously pleaded guilty to bribery on September 27, 2016.
The indictment alleges that Mehta paid these bribes to Dodd in exchange for preferential treatment for his company, FutureNet, which received approximately USD 7.5 million from Detroit in 2015 and 2016.
According to the indictment, Mehta and FutureNet benefitted from Dodd's influence over the administration of city contracts, expenditures under those contracts, and the hiring and selection of contract personnel.
Mehta obtained confidential information about Detroit's internal budgets for specific technology projects, the indictment alleges. -- PTI
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances