Congressman Suhas Subramanyam Launches Inquiry Into Fannie Mae After Mass Firings Without Notice Or Investigation

Washington, D.C. – Today, Congressman Suhas Subramanyam launched an inquiry into last week’s mass firings of dozens of predominantly Indian American employees at Fannie Mae for claims of alleged unethical conduct and fraud, sending a letter to William Pulte, Director of the Federal Housing Finance Agency, and Priscilla Almodovar, President and Chief Executive of Fannie Mae, demanding answers and evidence. The fired Fannie Mae employees, most of whom are Indian American and live in Northern Virginia, have denied wrongdoing and have claimed Fannie Mae did not conduct any sort of investigation into the alleged behavior. 

“It has been brought to my attention that Fannie Mae has accused hundreds of my constituents in the Indian-American community of fraudulent behavior and fired them without conducting a full investigation or providing evidence,” said Congressman Suhas Subramanyam. “I have spoken with many of these employees in our community, and they deserve due process. Fannie Mae owes them, Congress, and the American people an explanation immediately.”

It has been reported that these employees were fired over contributions to certain Indian American organizations through Fannie Mae’s Matching Gift Program. According to Fannie Mae’s website, this program allows employees to “double the financial impact of their eligible donations through our Matching Gifts program up to a maximum of $5,000 annually.” The groups many employees donated to were approved by Fannie Mae itself for inclusion in its gift-matching program.      

In the letter, Congressman Subramanyam highlights the employees’ years of experience and exemplary performance reviews at Fannie Mae and notes that the individuals were fired without notice and are almost exclusively Indian Americans. Additionally, some of the employees who were fired have claimed that they have not even donated to the organizations in question. 

The Congressman is concerned that Fannie Mae has not fully investigated the alleged fraudulent behavior and that simply donating to Indian American organizations or belonging to the Indian American community may have been used as the sole rationale for firing these employees. In his letter, the Congressman demands answers from Fannie Mae on whether and how they had investigated this alleged fraud, if employees were given the opportunity to provide clarification or corrective action, if employees were provided evidence of specific violations they were alleged to have committed, if donations to specific charities were used as the basis for termination decisions, and, lastly, if any employees who donated to these organizations were cleared of wrongdoing as part of the investigations.

The Congressman requested a response by April 14, 2025 and a briefing on the terminations.

The letter is also signed by Congressmen Raja Krishnamoorthi (D-IL-08) and Shri Thanedar (D-MI-13).

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