A former Apple employee has been charged with embezzling 10 million from the company

A former Apple employee has been charged with embezzling থেকে 10 million (about Rs 75 crore) from tech giants through kickbacks, theft of equipment and money laundering, federal prosecutors say.

Dhirendra Prasad, 52, has worked for 10 years as a customer in Apple’s global service supply chain division. A federal criminal lawsuit was filed Friday alleging that he used his position to defraud the company in various schemes, including stealing parts and paying the company for items and services he never received.

A court has allowed the federal government to seize five real estate assets and financial accounts worth about 5 million (approximately 40 40 million) from Prasad, and the government is seeking to keep those assets as criminal income, according to the U.S. Attorney’s Office in Sun. Jose said in a press release.

Prasad is scheduled to appear in court next Thursday to answer charges of fraud, money laundering and conspiracy to evade taxes. It is unknown at this time what he will do after leaving the post. A phone number listed for him has been disconnected.

Prosecutors say the two owners of the vendors doing business with Apple have pleaded guilty to conspiracy to commit fraud and money laundering with Prasad.

Prasad is scheduled to make his first appearance in U.S. District Court in San Jose on Thursday next week. Fraud, money laundering, and tax evasion carry a maximum sentence of five to 20 years in each case, but sentencing guidelines and judges’ judgment mean that most people convicted of fraud in federal courts receive less than the maximum sentence.

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