The South Asian Times

20 May 2019 16:34 PM

Man arrested for allegedly cheating Cisco of $9.3 million

An Indian-origin former employee of Cisco Systems has been arrested and charged with a criminal complaint alleging he defrauded a technology major of more than $9.3 million.

Fifty-year-old Prithviraj Bhikha was charged in a criminal complaint with wire fraud, US Attorney David Anderson and Federal Bureau of Investigation Special Agent in Charge John Bennett have said.

The criminal complaint was unsealed on Monday following Bhikha's arrest on March 1 at the San Francisco International Airport.

Bhikha made his initial appearance on Monday in federal court before US Magistrate Judge Joseph Spero and has been released on a USD three million bond.

His next court appearance is scheduled for March 18 for arraignment. If convicted on the charge in the criminal complaint, he faces a maximum sentence of 20 years' imprisonment and a fine of $250,000 along with restitution.

Update: 14 March, 2019