![]() ![]() ![]() They arranged for financing on behalf of the buyers through loans from American Enterprise Bank, and then walked away with millions of dollars in proceeds after the buyers defaulted. The statement released by the attorney’s office details how Ghuman and Khan set up corporate entities to buy gas stations throughout the Midwest, and then sold them at a higher price. Small Business Association.īrahmbhatt, 44, of Spring, Texas pleaded guilty to bank fraud charges, as did accountant Shital Mehta, 53, of Elk Grove Village, who falsified tax returns to help qualify more than half of the loan applicants for financing, the attorney’s office said. Attorney’s Office in the Northern District of Illinois said.Īccording to the attorney’s office, Ghuman and Khan conspired with Akash Brahmbhatt, a loan officer at American Enterprise Bank, to submit false application documents that would get them loans guaranteed by the U.S. Surrey Connect Calls Court Judgment Against McCallums High-Handedness. Charnpal Ghuman, 39, of Palatine, and Aga Khan, 39, of Bloomingdale, made over $40 million between 20 through a scheme in which they would “flip” gas stations by falsifying bank documents, the U.S. Get in touch with us to receive the latest national post in Vancouver, Canada. ![]()
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