43-Year-Old Iftikar Ahmed, a graduate of IIT-Delhi and Harvard business School passed out, has reportedly stolen a whooping $65 million from the US firm in which he worked as an employee for several years.
This venture capitalist has reportedly fled from the US in May 2015 by violating the court’s order. A Criminal case was filed on him for cheating his clients of $65 million through insider trading.
As per reports, he was arrested in April 2015 and criminal case was filed against him for indulging in insider trading. Since the case was still in court, he was ordered not to go out of the country but just in a month, he fled from the USA.
He is believed to be hiding at some secret place in India. If caught, Iftikar Ahmed might face 20 years jail term and $5 million fine.
