Four Defendants Indicted in Alleged $10 Million Bank Fraud Scheme Involing the Sale of 26 Gas Stations in Four States

CHICAGO–(ENEWSPF)–October 31, 2013.  Four defendants were indicted on federal charges for their alleged roles in a scheme to fraudulently obtain more than $10 million in loan proceeds from a suburban bank through the sales of 26 gas stations in Illinois, Iowa, Nebraska and Wisconsin. Two defendants, CHARNPAL GHUMAN and AGA KHAN, co-owned the gas stations and sold them to purchasers financed by the bank loans and guaranteed in part by the Small Business Administration. They…