TORONTO, July 25, 2013 /CNW/ - The Integrated Bankruptcy Enforcement
Unit comprised of the Royal Canadian Mounted Police (RCMP) - Greater
Toronto Area (GTA) Financial 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
Jagprit Singh Raju BHATIA, age 41, of Toronto, Ontario has been charged
with one count under section 362 of the Criminal Code; 'knowingly making a false statement'. Furthermore, Mr. BHATIA is
charged with three counts of 'making a material omission in a
statement', Sec. 198(1) (c) BIA, and two counts of 'failure in duties
of a bankrupt', Sec.198(2) BIA.
The matter is scheduled for first appearance at Ontario Court of Justice
- Old City Hall in Toronto on July 26th, 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.
During this investigation, the Greater Toronto Area Financial Crime
Section had been assisted by the Financial Transactions and Reports
Analysis Centre of Canada (FINTRAC), who provided disclosures which
contributed to the success of this investigation.
SOURCE: Royal Canadian Mounted Police
For further information:
Sgt. Michele Paradis,
RCMP "O" Division
905-405-3750 ext 238