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NEWARK, N.J.—The Indian American president of a now-defunct New Jersey-based marble and granite wholesaler admitted his role in orchestrating and carrying out a scheme to defraud a bank in connection with a $17 million secured line of credit, U.S. Attorney Craig Carpenito announced recently. Rajendra Kankariya, 61, of Tenafly, New Jersey, pleaded guilty by videoconference before U.S. District Judge Susan D. Wigenton to information charging him with one count of conspiracy to commit wire fraud affecting a financial institution. According to documents filed in this case and statements made in court, Kankariya, the president and part owner of Lotus Exim International Inc., conspired with other LEI employees to obtain from the victim bank a $17 million line of credit by fraudulent means, between March 2016 and March 2018. The victim bank extended LEI the line of credit, believing it to have been secured in part by LEI’s accounts receivable. In reality, Kankariya and his consp

United statesNew jerseyRajendra kankariyaCraig carpenitoSusand wigentonLotus exim international incIndian americanNew jersey basedJudge susanஒன்றுபட்டது மாநிலங்களில்புதியது ஜெர்சிராஜேந்திரா கங்கரியாதாமரை எக்ஷீம் சர்வதேச இன்க்இந்தியன் அமெரிக்கன்புதியது ஜெர்சி அடிப்படையிலானதுநீதிபதி சூசன்