Constellation Healthcare Technologies Inc.’s former chief executive officer, Parmjit “Paul” Parmar, and two other ex-officials were charged with running an elaborate $300 million investment-fraud scheme using fake subsidiaries and bogus bank statements.
Parmar, along with former Chief Financial Officer Sotirios “Sam” Zaharis and ex-company secretary Ravi Chivukula, are accused of a scheme to dupe investors as part of a plan to take a company private, U.S. Attorney Craig Carpenito in New Jersey said.
Parmar was arrested May 16 and is scheduled to appear in federal court in Newark, N.J. The other two remain at large, according to the statement. Houston-based ...
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