A former assistant treasurer for Bridgestone Americas Inc. is facing federal charges that he took almost $15 million from the tire and rubber company while operating a wire fraud and money laundering scheme.
Sajju Khatiwada managed relations between Bridgestone and banks that provided credit card services at its retail locations, the criminal complaint filed in the US District Court for the Middle District of Tennessee said. Khatiwada created a fictitious company in 2020 called Paymt-Tech LLC and started submitting fake invoices to Bridgestone on its behalf.
Bridgestone thought that it was paying a legitimate vendor, Chase PaymentTech, which was run ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.
