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Indian-origin pharma tycoon arrested in US for $149-million fraud
short by Bhawana Chaudhary / on 05 Jun 2025,Thursday
Tonmoy Sharma, an Indian-origin pharma tycoon, was arrested at Los Angeles International Airport over his involvement in a healthcare fraud. The 61-year-old is the founder and ex-CEO of now-defunct Sovereign Health Group, an addiction treatment provider. Sharma allegedly submitted $149 million in fraudulent claims to health insurers and paid $21 million in illegal kickbacks for patient referrals.
short by Bhawana Chaudhary / 12:04 pm on 05 Jun
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