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Indian CEO Venkata Meenavalli charged in US with securities fraud

Updated : June 06, 2019 11:05 AM IST

Prosecutors said Meenavalli generated fraudulent documents that caused Longfin to report as revenue millions of dollars of commodities "transactions" that were actually "sham, round-trip events" between the company and entities he controlled.
Longfin, which was based in New York and had offices in Lyndhurst, New Jersey, shut down last November.
Indian CEO Venkata Meenavalli charged in US with securities fraud
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