Guru Srivastava, CEO of the Indian company Veecon Group, has been revealed as the mastermind behind an extensive international fraud operation. The Lucknow native and green card holder is accused of deceiving influential figures worldwide with fake projects and false claims.
The fraud was uncovered by Pulitzer Prize-winning journalist Bradley Hope. After a series of failed business ventures in India, Srivastava reportedly targeted high-profile international personalities, often posing as a CIA agent to gain their trust.
The scheme unraveled when Dutch oil trader Niels Troost discovered Srivastava’s fraudulent activities in the U.S. and India, including failed business deals related to Veecon Group’s entertainment and security sectors.
Srivastava’s scams often involved developing countries, especially African nations and conflict zones like Libya. He purportedly used the CIA’s name to con money from his targets, promising false U.S. support.
Both Srivastava and his wife, Sharon, are said to have accumulated billions through these fraudulent activities. The couple faces multiple lawsuits in California, including charges of fraud, deception, and money laundering.
The Wall Street Journal report highlights how even high-ranking officials can fall prey to such schemes, raising concerns about similar fraudulent activities by other businessmen. Srivastava’s case underscores the risks of international investment scams and the critical need for thorough due diligence in business dealings.
