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Preet Bharara Brings Down ShopClues' Indian Founder
Aggarwal is also founder and former CEO of ShopClues.com described as India's first and largest managed marketplace. Last month, co-founder Sanjay Sethi took over from Aggarwal as ShopClues CEO.
Aggarwal might face 25 years in prison when he's sentenced and may also be deported to India, although he has apparently agreed to cooperate with prosecutors in the hope of receiving a lenient sentence.
FBI agents arrested Aggarwal last July and charged him with one count of conspiracy to commit securities fraud and one count of conspiracy to commit wire fraud. A day later, Aggarwal was, however, released on a $500,000 bond.
Harvard-educated Bharara, 45, has vowed to keep up his crusade, saying he has the "greatest job in the world" though he will "walk the earth and get into adventures" whenever he retires.
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Source: IANS
