Mera Ghar

25 people charged in multi-million-dollar loan-fraud and money-laundering investigation, Police believe there may be other victims, Photographs of charged men released

Monday, July 15, 2013

Between August 2012 and July 2013, Toronto police arrested and charged 25 people in
connection with an $8,000,000 loan-fraud and money-laundering investigation.
It is alleged that:
- between March 2011 and October 2012, the accused participated in an organized scheme to
defraud several financial institutions in the GTA and launder the money
-the scheme involved the creation of several shell companies, which were used to apply for
loans from banks, lenders, and financial institutions
It is further alleged that the accused would:
- produce large amounts of fraudulent documentation and records
- have false liens registered
- personate legitimate accountants in the GTA
- stage and pass off buildings and equipment of other legitimate businesses as that of a shell
company
- launder any obtained money both locally and internationally

 

Click here for list of accused and charges. All those charged are men unless specified
otherwise.

Police believe there may be more victims. Photographs of accused who might only be

identified through a photograph, rather than their name, have been released.
Investigators would like to speak to any businesses or institutions that have received credit
applications or financial documents involving the following businesses:

- Omnium Financial Group at 70 Silton Road, Woodbridge
- Yorkshire Capital at 8481 Keele Street, Concord
- a crown moulding company located at 4 Racine Road, Toronto (operated as: Creative Crown
Moulding, Creative Custom Moulding, Colonial Crown Moulding, Canadian Crown Moulding)
- a millwork/cabinetry company located at 6150 Ordan Drive, Mississauga (operated as:
Vintage Custom Millwork, Vintage Architectural Millwork, Vintage Millwork, Vertex Millwork,
Apex Millwork)
- a printing company located at 731 Millway Avenue, Vaughan (operated as: Insignia Print
Group, Proview Print Group)
- a machining company at 2080 Steeles Avenue East, Brampton (operated as: Matrix
Machining & Tooling)
- a granite and stone fabrication company located at 450 Limestone Crescent, Toronto
(operated as: Global Granite)
- a woodworking company located at 1760 Meyerside Drive, Mississauga (operated as:
Shankar Woodcrafts)

Anyone with information is asked to contact Detective Constable Sarath Thayalan at
416-808-4270, Crime Stoppers anonymously at 416-222-TIPS (8477), online at
www.222tips.com, text TOR and your message to CRIMES (274637), or Leave A Tip on
Facebook.

                                                            

 

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