Brothers indicted for fraud after promising Pikeville jobs

Karim and Rahim Sadruddin, the brothers who promised two years ago to bring 1,000 jobs to Bledsoe County, have been indicted by the United States Government on separate charges of wire fraud, mail fraud, and money laundering, according to documents filed Tuesday, October 22, in the United States District Court for the Eastern District of Tennessee. 

Assistant United States Attorney Steven Neff alleges the brothers “devised and intended to devise a scheme… to defraud the government of the United States and others and to obtain money and property by means of false and fraudulent pretenses, representations, and promises.”

This includes the Sadruddins falsely representing Textile Corporation of America (TCA) would employ approximately 1,000 people in Pikeville and make a capital investment of up to $21 million in the city, according to the court documents.

For more, see the October 24 issue of The Bledsonian-Banner.