A restaurant group with a Las Vegas location agreed to pay millions after falsely obtaining Paycheck Protection Program loans.
Azumi Limited Restaurants, which owns and operates Zuma in the Cosmopolitan casino-hotel, agreed to pay back $3,602,423 in a settlement agreement with U.S. Department of Justice after violating the False Claims Act by obtaining PPP loans, according to a news release from the DOJ. Other Azumi entities include Zuma NYC; Zuma Japanese Restaurant Miami; Inko Nito Garey St.; and Beach Chu Hallandale.
Azumi admitted to collectively receiving and were granted loan forgiveness for a second draw of PPP loans in a total amount that exceeded the applicable corporate group limit, according to the DOJ.
