TORONTO, Sept. 27, 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 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
Nageswaran RATNAM, 39 years of age, of Toronto, Ontario has been charged
with one count under section 380 of the Criminal Code; 'Fraud over $5,000'. Furthermore, Mr. RATNAM is charged with one
count under the BIA section, 198(1) (b); 'Failure to Answer Fully and Truthfully at Examination'.
The first court appearance is scheduled for Friday, October 26th, 2012
at Old City Hall in Toronto.
The combined efforts of the RCMP and the OSB Special Investigation Units
will continue to focus on responding to allegations of criminal
misconduct related to the bankruptcy and insolvency system and
undertaking criminal investigations where evidence of wrongdoing
exists. The objective is to maintain confidence in the integrity of
the bankruptcy and insolvency system.
The RCMP GTA Commercial Crime Section can be reached by calling the RCMP
Toronto West Detachment at 1-800-461-9398.
SOURCE: Royal Canadian Mounted Police
For further information:
For further inquiries:
Sgt. Richard Rollings,
Media Relations Coordinator
RCMP "O" Division
Facebook RCMP in Ontario
RSS News Feed Subscription