TORONTO, Jan. 8, 2014 /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 process.
Faryal NAZ, age 33, of Mississauga, Ontario has been charged with five counts under Section 362(1)(b) of the Criminal Code, 'Obtain Credit by false Pretense', and one count under Section 380(1)(a), 'Fraud Over $5,000' and one count under Section 362(1)(c), 'False Statement in Writing', of the Criminal Code. Furthermore, Ms. NAZ is charged with four counts under section 198(1)(b) of the BIA, 'Refuse or Neglect to Answer Truthfully', and five counts under section 198(1)(g) of the BIA; 'Disposal of Property Obtained on Credit'.
The matter is scheduled for first appearance at the Ontario Court of Justice - Old City Hall courthouse in Toronto on January 10th, 2014.
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 Police
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