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CORRECT: SEC Charges Ex-Near Intelligence CEO for Alleged Fraud

Jan. 28, 2026, 10:08 PM UTC
Yash Roy
Yash Roy

(Corrects spelling of Mathews in bullets.)

The Securities and Exchange Commission charged former Near Intelligence executives, CEO Anil Mathews and CFO Rahul Agarwal, and former MobilFuse CEO Kenneth Harlan for their parts in an alleged fraud scheme.

  • Mathews, Agarwal and Harlan exchanged inflated invoices accounting for at least $37.3 million in improperly reported revenue between May 2021 and September 2023
  • Mathews allegedly used $300,000 in revenue from now-defunct company Near Intelligence to pay for a luxury single family residence
  • MobilFuse was Near Intelligence’s largest client and Harlan is accused of aiding Mathews and Agarwal
  • NOTE: Audit Firm UHY Sued by ...



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