An employee responsible for overseeing the finances of a U.S. Gulf Coast shipping company specializing in heavy-lift cargo pleaded guilty to embezzling over $7 million and making false statements on a federal income tax return.
Deepak “Jack” Jagtiani, who had been the comptroller of Metairie, Louisiana-based Dan-Gulf Shipping, admitted guilt in federal court Tuesday to both counts of an indictment filed against him in December.
Jagtiani, 60, admitted he used his authority to pay himself excessive...
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