NJ Health Care Co. Execs Indicted In $300M Investment Fraud

Law360 (December 13, 2018, 6:21 PM EST) -- Four former executives of the bankrupt Constellation Healthcare Technologies Inc. have been indicted for bilking investors out of $300 million in connection with a merger designed to take their publicly traded company private, New Jersey federal prosecutors said Thursday.

Ex-CEO Parmjit Parmar, onetime CEO Sotirios Zaharis and former company directors Ravi Chivukula and Pavandeep Bakhshi are charged in a three-count indictment with conspiracy to commit securities fraud, securities fraud and wire fraud, U.S. Attorney for the District of New Jersey Craig Carpenito said.

Parmar, 48, Zaharis, 51, and Chivukula, 44, were first charged by criminal complaint in May, while Bakhshi, 41, was charged in...

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