Author: AB Wire

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Kumar will also have to serve one year of supervised release. An Indian American man in California was sentenced to 30 months in prison by a US District Court after he was found guilty of filing false tax returns. According to the Department of Justice, Shiv D Kumar was sentenced after Kumar filed false corporate returns with the Internal Revenue Services (IRS) for the financial year 2009 and 2010. The court found that Kumar under-reported his company’s gross receipts by $2,229,216 and $2,412,435, causing a tax loss of $1,584,055. Kumar, 60, is the sole shareholder and president of A-Paratransit Inc.,…

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Bedi, an Engineering and Electronics graduate from the University of Pune also has an MBA from Harvard Business School. Facebook India in an official statement announced that Umang Bedi, its Managing Director for India and South Asia, has tendered his resignation and will leave the social media giant by end of this year. “We confirm that Umang Bedi will be leaving his role and Facebook at the end of this year. He’s built a really strong team and business during his time with us, and we wish him all the best,” the company said in a statement. Bedi joined Facebook…

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