EUGENE, Ore. – The owner of local Indian restaurants has been indicted for tax evasion.
The US Attorney’s Office said Meeraali Shaik of Corvallis is accused of hiding cash from the Evergreen Indian Cuisine restaurants he owned and operated in Eugene and Corvallis. A federal grand jury in Eugene returned the indictment on Thursday.
Court documents say Shaik evaded paying taxes from before 2013 to 2017. He allegedly provided his tax preparer with incomplete bank and income records and false information regarding cash receipts at the businesses.
Some of the underreported money was used to pay off mortgages on properties in Eugene, Corvallis, and Chandler, Arizona, according to the US Attorney’s Office. Shaik also allegedly made wire transfers to a bank account in India.
Shaik will be arraigned in federal court on Nov. 2. If convicted, he faces a minimum sentence of five years in prison, three years of post-prison supervised release and a $100,000 fine.