Indian-American Sentenced For Stealing From Employer
Houston: A 45-year-old Indian-American has been sentenced to 20 months in prison for defrauding a bank and stealing more than USD 484,000 from his employer.
Kiran Andhavarapu, a resident of Texas pleaded guilty on February 9 and was sentenced on Thursday for stealing more than USD 484,000 from Weatherford and its subsidiary EProduction Solutions. He was sentenced to 20 months in prison and 3 years of supervised release.
US District Judge Keith P Ellison, who accepted the guilty plea, said Kiran abused a position of trust as a financial controller which facilitated his commission of the crime. He stole from his employer by opening bank accounts in the name of 'EProduction Solutions' and listing himself as the owner and sole proprietor of the business.
He then stole refund cheques made out to and belonging to his employer and deposited them in the accounts he had created. As part of his plea, Kiran admitted he stole a total of USD 484,873.
He will remain in custody pending transfer to a US Bureau of Prisons facility to be determined at a later date.
