Home News Texas: Indian Woman Accused of $1.5 Million Financial Fraud of Employer

Texas: Indian Woman Accused of $1.5 Million Financial Fraud of Employer

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Indian Woman Accused Financial Fraud

A 52-year-old woman from The Woodlands is accused of defrauding her former employer of more than $1.5 million, according to acting United States Attorney Abe Martinez.

Kavita Nehendra Duvvuru is charged with wire fraud. She was listed to appear before United States Magistrate Judge Stephen Smith at 10 a.m.

According to the charges, Duvvuru worked for Vinmar International Ltd., a petrochemical, marketing, & distribution firm in Houston.

Prosecutors allege from 2010 into early 2017, Duvvuru made unauthorized charges of personal expenses & unauthorized cash withdrawals on credit cards which were only to be used for Vinmar business expenses.

Duvvuru purportedly altered the credit card statements also provided false information to hide her fraud from Vinmar. As a result of her scheme, Duvvuru suffered a loss of more than $1.5 million, according to the charges.

If convicted, she faces up to 20 years in federal prison also a possible $250,000 maximum fine.

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