Indian-origin businessman arrested for defrauding bank of $100 million in US

US federal authorities have arrested Indian-origin businessman Mahender Makhijani, accusing him of defrauding a bank out of nearly $100 million. Authorities said he falsified title insurance policies to inflate property values and secure larger loans. A New York Times report alleged he hosted private parties involving drugs and sex workers, some of which were attended by the bank workers.