HOUSTON, TX - A top Indian-American “shopaholic” executive, with a US-based electronic goods firm who was fired after she allegedly embezzled a whopping $31 million from the company fund has been freed on bond.

Former Indian Koss Executive Sujata Sachdeva, former vice president of finance at stereo-phone designer and marketer Koss Corp. in Milwaukee remains free on bond now.

Sachdeva was arrested by the FBI for embezzling $ 4.5 million from Koss just a few months ago. Her attorney plans to show her mental and emotional health played a significant role in her conduct.

She was fired on Christmas eve, after a preliminary audit by Koss determined the fraud exceeded $20 million since 2006.

Sachdeva refused to speak in court and did not make any comment to reporters. Her medical records have been delivered to federal authorities. A judge earlier had ordered a mental health evaluation of Sachdeva as a condition of her release on a $50,000 signature bond.

Sachdeva, a chronic shopaholic, who has been charged with embezzling more than $31 million from the company since 2005, mainly, to finance her shopping sprees.

She pleaded not guilty to embezzlement charges in Milwaukee’s federal courthouse Friday, which in fact was her first public appearance since the charges were filed.            (PTI)