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A US-based pharma tycoon, originally from India, has been arrested at Los Angeles International Airport over a $149-million scam, primarily defrauding health insurers. Tonmoy Sharma, who studied medicine in Assam and Delhi, founded the Sovereign Health Group, an addiction treatment provider.
A US-based, Indian-origin pharma tycoon was arrested at Los Angeles International Airport over his involvement in a $149-million healthcare fraud. Tonmoy Sharma, 61, is the founder and former CEO of Sovereign Health Group — an addiction treatment provider — and is originally from Guwahati, Assam.
Sharma, who studied medicine at Dibrugarh Medical College and interned at the Safdarjung Hospital in Delhi, was arrested on May 29 on an eight-count federal grand jury indictment alleging he submitted more than $149 million in fraudulent claims to health insurers. As per US Attorney’s Office, Central District of California, Sovereign Health Group fraudulently enrolled patients into insurance plans without their knowledge, using deceptive tactics.
