Indian doctor, wife plead guilty to tax evasion
Rakesh Anand, 57, a licensed physician in Indiana and Illinois and Meena Anand, 53, entered their guilty pleas yesterday before US District Judge Joseph Van Bokkelen in federal court in Hammond.
The couple would remain free on bond while awaiting sentencing, which was scheduled for March 20, but the judge ordered electronic monitoring for Anand.
According to the plea agreement, Anand, who owned weight loss clinics in northwest Indiana and south suburban Chicago, could serve over four years in prison while his wife could face a jail term of three years.
The tax evasion charge carries a maximum penalty of five years in prison and a $250,000 fine. Anand also faces a maximum of 10 years in prison and a $500,000 fine for conspiracy to distribute controlled substances.
The Anands have agreed to pay restitution of over $740,000 to the Internal Revenue Service for taxes they owed on nearly $2 million of unreported income between 2005 and 2008.
In addition, they agreed to forfeit more than $4.45 million in additional funds that were frozen or seized during the investigation, bringing to nearly $5.2 million the total amount of funds being applied to forfeiture and restitution.
Anand admitted that between January 2002 and February 2010, he and another physician Dinesh Saraiya, purchased and dispensed more than four million pills containing controlled substances and grossed more than
