Three hoteliers charged with tax fraud

Three Chicago-area hotel owners have been charged with committing tax fraud after defrauding the state of Illinois of over $470,000.

Shashank Bhatt and Kishore Chugh were charged with wire fraud and filing a fraudulent tax return, in violation of the Hotel operator's Occupation Tax Act, according to a statement from the state attorney general's office.

Prosecutors say Bhatt and Chugh underreported roughly 3.5 million in revenue in a number of Chicago-area hotels, including the D-Lux Budget Motel in Alsip, the Miami Inn & Suites in Oak Lawn, the Palos Motel in Worth, the Presidential Inn in Matteson, the Presidential Motel in Lyons and the Saratoga Motel in Chicago.

In a separate case, Jagdishchandra Parikh was charged with failing to file hotel tax returns of more than $2 million from two hotels. This shielded as much as $120,000 from the state.