NEWMARKET, ON, May 22, 2014 /CNW/ - The RCMP Toronto North Financial
Crimes Unit in collaboration with the Ontario Region Special
Investigation Unit of the Office of the Superintendent of Bankruptcy
(OSB), have charged two corporate directors with offences under the Bankruptcy and Insolvency Act (BIA) and the Criminal Code (CC).
Sasan MANOUCHEHRI, age 37, of Richmond Hill has been charged with the
s. 198(1)(a) BIA - Fraudulent Disposition of Bankrupt's Property
s. 198(1)(f) BIA - Fraudulent Concealment or Removal of Bankrupt's
s. 198(2) BIA - Failure to Comply with Duties of a Bankrupt
s. 199 BIA - Engage in Trade & Fail to Disclose Undischarged Bankruptcy
s. 362(1)(a) CC - False Pretenses Over $5000
s. 380 CC - Fraud Over $5000
in relation to events surrounding the October 2012 bankruptcy of 1780341
ONTARIO INC. which carried on business as Wasaga Beach sportswear
vendor, CASA PLAYA (Link to Photo).
Also charged with s. 201(1) BIA - False Claim by Creditor is Hashim
ISPAHANY, age 69, of Richmond Hill.
The allegations relate to unpaid purchases of beachwear from several
national distributors, the misappropriation of sales proceeds at the
storefronts, the disappearance of store inventory, and other abuses of
the bankruptcy process. Over 40 creditors, many represented by the
SPORTS INDUSTRY CREDIT ASSOCIATION in Montreal, were left unpaid
approximately $956,000 in large part from MANOUCHEHRI's dishonoured
The matter is scheduled for first appearance at the Ontario Court of
Justice in Newmarket on May 23, 2014.
If anyone has information in regards to this bankruptcy they are asked
to contact the Ontario RCMP at 1-800-387-0020 or anonymously through
Crime Stoppers at 1-800-222-TIPS (8477).
The RCMP and the OSB Special Investigation Units continue to combine
their efforts to investigate allegations of criminal wrongdoing related
to bankruptcy and insolvency matters in order to protect the integrity
of Canada's financial systems.
SOURCE: Royal Canadian Mounted Police
For further information:
Sgt. Richard Rollings,
RCMP "O" Division
Website: RCMP in Ontario