TORONTO, Oct. 3, 2018 /CNW/ - The Integrated Bankruptcy Enforcement Unit, comprised of the Royal Canadian Mounted Police (RCMP) and the Office of the Superintendent of Bankruptcy (OSB), have charged three Greater Toronto Area (GTA) residents with offences related to a fraudulent Canada Small Business Loan in 2015 and the ensuing bankruptcy.
Nadia Muneeb Bukhari (age 30) and her husband Sheraz Hussain (age 31) both of Ajax, as well as a former basement tenant Sania Batool (age 35) of no fixed address are scheduled to appear at Ontario Court of Justice, Old City Hall in Toronto on October 4th, 2018. They are jointly charged with defrauding TD Canada Trust and the Government of Canada by obtaining $333,795 in Canada Small Business Loan Act financing ostensibly for the purchase of equipment and renovations to a business and misappropriating those funds for personal benefit contrary to the Criminal Code.
Bukhari, a bankrupt, is further charged with:
- three (3) counts of Obtaining Credit by False Pretence, contrary to the Criminal Code of Canada (CCC)
- two (2) counts of Uttering a Forged Document, contrary to the CCC
- two (2) counts of Concealing Property to Defraud Creditors contrary to the CCC
The bankruptcy system is intended to afford a fresh start for the honest but unfortunate debtor. However, there are instances where individuals abuse the system by failing to comply with their regulatory duties under the Bankruptcy & Insolvency Act and/or engage in fraudulent activities contrary to the Criminal Code of Canada. Offenders are identified by the OSB detection programs or through complaints from creditors, trustees or the general public.
Since January 2014, the Integrated Bankruptcy Enforcement Unit has charged 59 individuals with over 186 offences under the Bankruptcy and Insolvency Act and 164 offences under the Criminal Code encompassing liabilities of approximately $112 million.
Should members of the public have any information related to bankruptcy fraud schemes they are urged to contact either the Ontario RCMP at 1-800-387-0020, the Office of the Superintendent of Bankruptcy at 1-877-376-9902 or anonymously through Crime Stoppers at 1-800-222-8477.
SOURCE Royal Canadian Mounted Police
For further information: For media inquiries contact: Cpl. Louise SAVARD, RCMP Media Relations, RCMP "O" Division, 905-876-9709, Email: media.relations.rcmp-Ontarioemail@example.com
The Royal Canadian Mounted Police is the Canadian national police service and an agency of the Ministry of Public Safety Canada. The RCMP is unique in the world since it is a national, federal, provincial and municipal policing body. We provide a total federal policing service to all Canadians and policing services under contract to the three territories, eight provinces (except Ontario and...