A Texas businessman has been indicted for federal tax evasion, accused of diverting company funds for personal use and failing to report significant income.
TYLER, TX – A federal grand jury in the Eastern District of Texas has indicted Anil Surabhi, a 43-year-old Indian citizen residing in McKinney, on charges of attempting to evade taxes.
The indictment alleges that Surabhi, who managed an IT services company based in Georgia, misappropriated substantial company funds for his personal gain.
According to the legal document, Surabhi’s misuse of funds included financing private investments, covering personal expenses, and making real estate purchases. Notably, he is accused of failing to report these significant disbursements as income on his individual income tax returns.
If convicted of the federal charge, Surabhi could face a maximum sentence of five years in federal prison.
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