The president of a Houston plastics company has been arrested and accused of defrauding a Dallas-based bank out of more than $20 million, according to federal court records.
Aman Mehta, 33, allegedly lied to officials at Sunflower Bank North America to obtain a $25 million line of credit for his business, Grow Materials. He later admitted he’d been dishonest about the company’s finances after Grow defaulted on its loans, according to a complaint.
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Grow Materials sold recycled plastic materials to manufacturers. It operated a warehouse along Buffalo Bayou and has another facility in Georgia, according to its website…