Charges laid in bankruptcy fraud investigation
TORONTO, Nov. 16, 2012 /CNW/ - The Integrated Bankruptcy Enforcement Unit comprised of the Royal Canadian Mounted Police (RCMP) - Greater Toronto Area (GTA) Commercial Crime Section and the Ontario Region Special Investigation Unit of the Office of the Superintendent of Bankruptcy (OSB), charged the following individuals with offences under the Criminal Code and the Bankruptcy and Insolvency Act (BIA). The allegations all relate to fraud and the abuse of the bankruptcy process.
Suguna THIVYANATH, age 43, of Toronto has been charged with three counts under Sections 362, 368, and 380 of the Criminal Code; 'obtaining credit by false pretense', 'uttering forged documents', and 'fraud over $5000'. Furthermore, Ms. THIVYANATH is also charged with four additional offences under Sections 198(1)(b), 198(1)(e), 198(1)(g), and 198(2) of the BIA; 'failure to answer fully and truthfully', 'obtain credit by falsehood', 'disposition of property obtained on unpaid credit', and 'failing to comply with duties as a bankrupt'.
An arrest warrant has been issued for co-accused Kannan SINGARAM, age 44, formerly of Toronto now believed to be residing in India.
The matter is scheduled for first appearance at Ontario Court of Justice - Old City Hall in Toronto on November 16, 2012.
The RCMP and the OSB Special Investigation Units will continue to combine their efforts to investigate allegations of criminal wrongdoing related to bankruptcy and insolvency matters in order to protect the integrity of the insolvency system in Canada.
The RCMP GTA Commercial Crime Section can be reached by calling 1-800-461-9398.
SOURCE: Royal Canadian Mounted PoliceFor further information:
Sgt. Richard Rollings,
Media Relations Coordinator
RCMP "O" Division
Office: (519) 640-7302
Cell: (416) 992-4409