Processing .....please wait.. 
The article has been forwarded.... 
Indian-American Indicted for Violating Cash Reporting in U.S.
WASHINGTON: An Indian-American perfume trader from Texas has been indicted by a federal court on charges of failing to report over 40 cash transactions exceeding $ 10,000, which totaled more than $ 1.6 million.
The accused, Virender Sharma, who is owner and president of a wholesale and retail perfume store in Laredo in Texas, has been indicted on 44 counts, U.S. Attorney of the Southern District of Texas, Kenneth Magidson said.
The indictment claimed that Sharma, 59, was responsible for complying with the cash reporting requirements for the company.
Despite knowing of his filing obligations since 2006, Sharma allegedly caused the business to fail to report in at least 44 cash transactions exceeding $ 10,000, between June 2009 and July 2010, which totalled more than $ 1.6 million, the indictment alleged.
Also Read: Participate In India's Growth Story, Sushma Swaraj Tells Diaspora
U.S.-India Trade Body To Partner In Vibrant Gujarat Summit
Source: PTI