Ex-Microsoft executive Mukund Mohan arrested in US, charged with $5 mn loan fraud

SEATTLE: An Indian-origin technology executive in the Seattle area was charged with fraudulently applying for more than $5.5 million in US small-business loans and laundering some of the money into his personal Robinhood brokerage account.

Mukund Mohan allegedly applied for eight loans to six companies through the Paycheck Protection Program, a federal stimulus designed to encourage small businesses to keep workers employed during the coronavirus pandemic.

He currently serves as chief technology officer at BuildDirect.com Technologies Inc, a website that connects people with home contractors, according to its website.

Before that, he worked for Amazon.com Inc and Microsoft, according to Mohan’s LinkedIn profile. Mohan, who studied computer science at Mysore University, was director of engineering at Microsoft.