Brief by Shorts91 Newsdesk / 10:23am on 11 Jun 2026,Thursday India Global
Indian-origin financier Mahender Makhijani has been accused by US authorities of orchestrating a $100 million bank fraud scheme that allegedly used luxury trips, expensive gifts and sex parties to attract and influence business associates. According to court documents, Makhijani and his associates are accused of misleading a US bank to secure loans through fraudulent transactions. Federal prosecutors allege the scheme caused losses exceeding $100 million. The case is being investigated by US law enforcement agencies, and legal proceedings are underway. Makhijani has been charged in connection with the alleged fraud, though the allegations are yet to be tested in court.
