Insurance Fraud NEWS
Indian-origin doc embroiled in healthcare fraud in US, freed on record $7m bond
February 21, 2019, Houston, TX
A 77-year-old Indian-American doctor, indicted in one of the largest healthcare fraud cases in the US history involving a USD 464 million conspiracy, was freed on a record-setting $7 million bond.
Rajendra Bothra, who was awarded Padmashri, India‘s fourth-highest civilian award, was indicted along with five other physicians in the alleged USD 464 million healthcare fraud conspiracy, which the federal government said fuelled the .
US District Judge Stephen Murphy granted the bond for him despite the government‘s concern that the doctor has hidden money that could bankroll an escape to his native India.
Bothra, of Bloomfield Hills, who will be released on home confinement and tracked by a GPS tether, must identify all assets under penalty of perjury, The Detroit News reported.
Being the lead defendant in one of the largest healthcare fraud cases in the US history, he must liquidate a $ 8.5 million retirement account to cover the bond, a process that could take three days, it reported.
His wife and daughter, who attended the hearing Tuesday, will surrender their passports to alleviate concerns that the family might flee while Bothra awaits trial in July.
Bothra has deep ties to India, including investments and several siblings.
He is one of the most high-profile Indian-American Republican Party activists and fundraisers. In the 1980s and early 1990s, he hosted major fundraisers for former president George H W Bush and other senior Republican lawmakers.
Apart from his professional achievements in the field of medicine in the United States, Bothra has been active in working for the poor and sick in India.
Source: Milbank Monitor