New York: At least three Indian-Americans have been convicted for their role in a two-year multi-million dollar money-laundering scheme, the US Justice Department said. Ravinder Reddy Gudipati, Harsh Jaggi, and Neeru Jaggi, 51, all from Laredo, Texas, were convicted following a five-week jury trial.
Three others, Arciniega-Hernandez, Adriana Alejandra Galvan-Constantini and Luis Montes-Patino have also been convicted, said Assistant Attorney General Brian Benczkowski of the Justice Department’s Criminal Division.
While Harsh and Adriana were convicted on two counts of money laundering, Neeru Jaggi was convicted on one count of money laundering. Meanwhile, Gudipati was convicted on two counts of money laundering in addition to other counts.
The six of them were part of a complex money laundering scheme whereby money was derived from the sale of drugs in the US was laundered through businesses in Laredo in order to return the proceeds to Mexican drug dealers.
According to evidence presented in court, from 2011 to 2013, Galvan-Constantini, Montes-Patino and other co-conspirators helped to move millions of dollars derived from the sale of drugs throughout the US to Laredo in Texas.
The huge sum was moved by couriers via cars, commercial buses, commercial planes and a private plane. The money, in heat-sealed packs, uneven rubber-banded money stacks or loose US currency, arrived in plastic bags, cloth bags, suitcases, backpacks and even cereal boxes, it said.
Afterwards, it was distributed among all of them in downtown Laredo, Texas perfume stores, including stores owned by Gudipati and Harsh and Neeru.