Chief Financial Officer Indicted
FBI Jackson February 26, 2009 |
MAHALINGAM SHRINIVAS, who served as the chief financial officer for a company located in Madison County, Mississippi, was arrested today pursuant to an indictment handed down by the United States District Court for the Southern District of Mississippi. SHRINIVAS, age 48, who is a resident of Los Angeles, California, was indicted for defrauding his employer of approximately $2 Million. The indictment charges SHRINIVAS with multiple counts of wire fraud in a scheme by which SHRINIVAS, from on or about July 2006 up to and including January 2008, fraudulently submitted false invoices to his employer for payment. This indictment is the result of a joint investigation conducted by the Ridgeland Police Department and the FBI.
SHRINIVAS, who was arrested today, made his initial appearance/arraignment before United States Magistrate Judge Linda Anderson. He was released on bond and is scheduled to stand trial before United States District Judge Dan Jordan on May 5, 2009. The case will be prosecuted by the United States Attorney’s Office for the Southern District of Mississippi.