Asad Wali Kesaria, Tax Evasion, Texas 2024

HOUSTON, Texas - In a shocking turn of events, a 41-year-old Pakistani national, Asad Wali Kesaria, has pleaded guilty to tax evasion in the southern state of Texas. The charges stem from a whopping $108,000 cash payment received by his business, Parts4Cells Inc., from a Mexican customer named Celforb.

According to the investigation, the money was proceeds from violations of the Controlled Substances Act. Kesaria personally handled the cash payment and confirmed it had been received. However, he failed to report the transaction as required by law.

The U.S. Attorney, Nicholas J. Ganjei, announced the plea deal, stating that Kesaria knowingly evaded the reporting requirement, which is a federal offense. The investigation revealed that the business received a $108,000 cash payment on August 14, 2024, which was intended for an order of cell phones.

Kesaria faces up to five years in federal prison and a possible $250,000 maximum fine. He has been and will remain in custody pending sentencing, which is set for February 12, 2026. The investigation was conducted by the Drug Enforcement Administration, IRS Criminal Investigation, and local police departments in Houston and Galveston, with the assistance of the U.S. Marshals Service and local police departments and sheriffs' offices throughout the country.

The case was prosecuted by Assistant U.S. Attorneys Stephanie Bauman, Sherin Daniel, and Leo J. Leo III. Asad Wali Kesaria, Crime, State Year. This is a developing story, and we will provide updates as more information becomes available.

The charges against Kesaria include failing to report a cash payment exceeding $10,000, which is a federal offense. This plea deal marks a significant victory for law enforcement agencies, who have been cracking down on tax evasion and money laundering schemes in recent years.

In a statement, U.S. Attorney Ganjei emphasized the importance of adhering to federal reporting requirements, stating, 'This case highlights the consequences of failing to comply with federal laws and regulations.' The outcome of this case serves as a warning to businesses and individuals who engage in similar activities, which can have severe consequences.

Asad Wali Kesaria will face sentencing on February 12, 2026, where he will learn his fate. The outcome of this case will have significant implications for the business community, particularly those operating in the Houston area.

Source: https://www.justice.gov/usao-sdtx/pr/pakistani-national-admits-evading-cash-reporting-requirements