An Indian-origin British national who was a former partner at consulting firm McKinsey & Co has been arrested in New York on allegations of fraud amounting to nearly USD 890,000, federal prosecutors said today.
Navdeep Arora, a former partner in the Chicago office of McKinsey & Company, was arrested on Sunday at JFK International Airport in New York.
Arora, 51, of London, is charged with eight counts of wire fraud in an indictment filed in US District Court in Chicago.
Arora made an initial appearance yesterday in District Court in New York and was ordered detained pending further proceedings, the Department of Justice said.
The indictment, which was returned in August and unsealed yesterday, also charges Matthew Sorensen, a former internal consultant for State Farm Mutual Automobile Insurance Company, with five counts of wire fraud.
Sorensen, 49, of Bloomington, Illinois, is scheduled to appear for arraignment on January 11 in Chicago.
According to the federal charges, Arora oversaw various consulting services provided by McKinsey to State Farm.
The indictment contends that Arora and Sorensen used two companies - "Gabriel Solutions" and "Andy's BCB" - to defraud their employers out of phony consulting fees.
Sorensen billed McKinsey for the bogus work purportedly performed by the companies, and Arora allocated the fees to the State Farm projects to which he was assigned, according to the indictment.
06/01/16 PTI/Business Standard
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Navdeep Arora, a former partner in the Chicago office of McKinsey & Company, was arrested on Sunday at JFK International Airport in New York.
Arora, 51, of London, is charged with eight counts of wire fraud in an indictment filed in US District Court in Chicago.
Arora made an initial appearance yesterday in District Court in New York and was ordered detained pending further proceedings, the Department of Justice said.
The indictment, which was returned in August and unsealed yesterday, also charges Matthew Sorensen, a former internal consultant for State Farm Mutual Automobile Insurance Company, with five counts of wire fraud.
Sorensen, 49, of Bloomington, Illinois, is scheduled to appear for arraignment on January 11 in Chicago.
According to the federal charges, Arora oversaw various consulting services provided by McKinsey to State Farm.
The indictment contends that Arora and Sorensen used two companies - "Gabriel Solutions" and "Andy's BCB" - to defraud their employers out of phony consulting fees.
Sorensen billed McKinsey for the bogus work purportedly performed by the companies, and Arora allocated the fees to the State Farm projects to which he was assigned, according to the indictment.
06/01/16 PTI/Business Standard
