US charges 3 Indian-origin ex-executives of health tech start up in $1 bn fraud

Washington: Three Indian-origin ex-executives of a Chicago-based health tech start-up have been charged by the federal authorities for their alleged roles in a fraud scheme which involved falsifying the company’s financial performance to raise nearly $1 billion in debt and private equity. The co-founders of Outcome Health Rishi Shah, 33, and Shradha Aggarwal, 34, and former executive Ashik Desai, 26, are among six people accused of fraud “that targeted the company’s clients, lenders and investors,” the US Department of Justice said on Monday. “Outcome’s former executives and employees allegedly deceived lenders,…

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Phek Bn conducts motivational career management

Phek Battalion of Assam Rifles conducted an outreach programme for training and motivating local students preparing for entrance examinations to Sainik School and Jawahar Navodaya Vidyalaya at Phek on August 17. According to PRO HQ IGAR (N), the programme was organised to spread awareness and motivate the students for seeking admissions to these premier schools for overall development to choose the appropriate career. The shortlisted and interested students will be provided with structured tuitions under the supervision of Phek Batallion of Assam Rifles. A total of 125 students, 19 teachers…

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