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Indian charged for embezzling almost Rs 67 crore from Tesla

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A 32-year-old Indian has been charged for allegedly stealing $9.3 million (approximately 67 crore) from his former employer Tesla over 2016 and 2017, according to United States Attorney Alex G. Tse and Federal Bureau of Investigation (FBI) Special Agent in Charge John F. Bennett.

Salil Parulekar has been charged with nine counts of wire fraud and one count of aggravated identity theft. If convicted, the maximum penalty for each count of wire fraud is 20 years of imprisonment and a fine of $250,000. The maximum sentence for aggravated identity theft is two years in prison and a fine of $250,000.

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According to the indictment, during 2016 to 2017, Parulekar, formerly of San Jose, orchestrated the embezzlement scheme at Tesla. At the time, Parulekar was an employee of Tesla’s Global Supply Management group. He was responsible for overseeing Tesla’s relationship with certain suppliers for various parts and services related to Tesla automobiles. Parulekar allegedly used his role to initiate a scheme wherein he diverted money owed to one Tesla supplier and caused it to be paid to another supplier. In all, he allegedly embezzled approximately $9.3 million, a statement from the US Department of Justice said..

According to the indictment, Parulekar learned in January 2017 that Tesla had terminated its supplier relationship with Schwabische Huttenwerke Automotive GmbH (SHW). At the time of the termination, the SHW had only provided a limited number of sample products, specifically, motor pumps, to Tesla. Parulekar allegedly knew the termination meant that Tesla was withholding future payments to the SHW and that Parulekar was not authorised to contravene this decision.

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Notwithstanding these facts, Parulekar redirected a series of payments intended for another supplier, Hota Industrial Manufacturing and caused them to be paid to the SHW. The indictment alleges Parulekar caused the diversion of payments by falsifying invoices; creating fraudulent accounts payable documents, such as bank account information and wire instructions; and impersonating Hota employees. Specifically, Parulekar allegedly stole the identity of a Hota employee and by impersonating the employee, deceived Tesla’s Accounts Payable division into switching the bank account information for Hota and SHW.

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