Charges Laid in Bankruptcy Fraud Investigation
TORONTO, Jan. 18, 2013 /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 individual 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.
Vasanthan KUDDITHAMBY, age 42, of Markham has been charged with five counts under Sections 362(1)(c), 380(1)(a), and 380(1)(b) of the Criminal Code; 'false statement in writing to obtain credit', 'fraud over $5000', and 'fraud under $5000'. Furthermore, Mr. KUDDITHAMBY is also charged with six additional offences under Sections 198(1)(b), and 198(1)(g), of the BIA; 'failure to answer fully and truthfully at examination', and 'disposition of property obtained on unpaid credit'.
The matter is scheduled for first appearance at Ontario Court of Justice - Old City Hall in Toronto on January 18th, 2013.
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.
SOURCE: Royal Canadian Mounted PoliceFor further information:
Sgt. Richard Rollings,
RCMP "O" Division