Crime & Safety

Neurosurgeon Indicted With Tax Fraud Involving $8 Million

The Greendale doctor was hiding millions of dollars in a bank account in India.

A Greendale neurosurgeon was indicted by a federal grand jury on allegations of tax fraud for failing to report $8.7 million in income that he allegedly hid in a bank account in India.

Dr. Arvind Ahuja was indicted on four counts of willfully filing materially false tax returns and four counts of failing to file Reports of Foreign Bank and Financial Accounts (FBARs).

Ahuja, a board-certified neurosurgeon, wire transferred and maintained millions of dollars in bank accounts in India and the Bailiwick of Jersey at The Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and allegedly failed to report these accounts to the IRS on his 2006-2009 tax returns. The HSBC bank account in India had a balance of $8,733,785 in 2009.

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Ahuja also allegedly failed to report more than $1.2 million in interest income that he earned from his HSBC India account and failed to pay the taxes due on that income, according to the indictment.

According to the indictment, U.S. citizens have an obligation to report to the IRS on, whether they had a financial interest in and to report all income earned from foreign financial accounts on the tax return and to pay the taxes due on that income. U.S. citizens with a foreign financial account worth more than $10,000 in a particular year, must also file an FBAR form with the Department of the Treasury disclosing such an account by June 30 of the following year.

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The maximum penalty for each charge of false tax returns is three years in prison and a $250,000 fine. The failure to file FBAR charges each carry a maximum penalty of 10 years in prison and a $500,000 fine. A trial date has not yet been set for Dr. Ahuja.


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