Indian-Origin Ex-CEO Pays $1.8M to Settle False Certification Claims in US

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A former CEO of Indian origin has agreed to pay $1.8 million to resolve allegations of submitting false claims in the United States. The case centered on AiNET, a data centre company, and its purported certifications from an entity called UpTime Council. US authorities alleged that UpTime Council was not a legitimate operating company and had never actually inspected the AiNET data centre. The certifications submitted were therefore deemed false, forming the basis of the legal action against the ex-CEO.

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