Man Arrested on Bank Fraud Charges
A 49-year-old Camarillo man was arrested on fraud charges this week for allegedly lying to banks so that he could secure more than $2 million in loans in 1989 and 1990.
Perkash Ramchand Vaswane, also known as Raj S. Mahtani, was arrested in Van Nuys after returning to California from Pennsylvania where he had been living recently, said Gary Auer, supervising agent for the FBI in Ventura County.
Vaswane had reportedly lied to get a loan to buy rental property in Simi Valley, Agoura and Marina del Rey and then defaulted on the loans, Auer said.
Investigators obtained a nine-count indictment against Vaswane from a federal grand jury in January, officials said. Vaswane was ordered to stand trial by a U.S. magistrate on Thursday.
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