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5 NRI Telugus arrested for insider trading
By: Tupaki Desk | 21 Dec 2019 5:12 AM GMT
The American officials have unraveled a financial scam involving five Telugu NRIs. These NRIs have resorted to insider trading and illegally made profits to a tune of $ 7 million (Rs 49.79 crore). The kingpin of the scam is said to be Janardhan Nelluru (42), who worked as the IT administrator of Polo Alto Networks. His friends Ganapathi KundhaRaju, Sivanarayana Barama, Sabir Hussain and Prasad Mallepalli were also involved in the scam.
According to the US officials, Janardhan stole key SAP database of the company and sent to his four friends, who traded in this company's securities. In another incident, two Indians without valid documents were intercepted and arrested by the US border patrol agents. Three persons, who helped them to illegally sneak into the US were also booked under laws related to human trafficking. The arrested persons may have to remain in the US prisons for fa maximum of ten years.
In another development, the UK is planning to provide fast track visas for doctors and nurses from India. This was done in view of the shortage of medical personnel in the National Health Services of the UK. During his election campaign PM Boris Johnson has promised to fast track the visas of Indian medical professionals.
According to the US officials, Janardhan stole key SAP database of the company and sent to his four friends, who traded in this company's securities. In another incident, two Indians without valid documents were intercepted and arrested by the US border patrol agents. Three persons, who helped them to illegally sneak into the US were also booked under laws related to human trafficking. The arrested persons may have to remain in the US prisons for fa maximum of ten years.
In another development, the UK is planning to provide fast track visas for doctors and nurses from India. This was done in view of the shortage of medical personnel in the National Health Services of the UK. During his election campaign PM Boris Johnson has promised to fast track the visas of Indian medical professionals.
