The Greater Toronto Area Commercial Crime Section, Toronto North Site, recently charged two individuals with the following offences under the Bankruptcy and Insolvency Act (BIA):
1) Muralitharan THIRUCHELVAN of Toronto, Ontario, has been charged with five counts under Section 198 of the BIA, namely: unlawfully refuse to answer fully and truthfully questions at an examination; making a false entry or omission; obtaining of credit by misrepresentations; disposal of property obtained on credit and failing to perform duties as required by a bankrupt.
The offences relate to the purchase and subsequent sale of goods bought on credit and not paid for and the obtaining of credit by false representation to facilitate gambling at a Casino. The total amount of the bankruptcy filing is $280,000.00.
2) Albert Odisho SHAMON of Toronto, Ontario has been charged with six counts under Section 198 of the BIA, namely: fraudulent disposition of property; unlawfully refuse to answer fully and truthfully questions at an examination; making a false entry or omission; obtaining of credit by misrepresentations; fraudulent concealing of property and disposal of property obtained on credit. The total amount of the bankruptcy filing is $135,000.00.
Both THIRUCHELVAN and SHAMON are scheduled for first appearances at the
Old City Hall courthouse on May 11th, 2007. “The investigations resulted from Investigation Orders issued by the Superintendent of Bankruptcy. The Partnership between the RCMP and the Office of the Superintendent of Bankruptcy, continues to be focused on maintaining
confidence in the integrity of the Bankruptcy and Insolvency Process,” stated Inspector Brian Verheul of the RCMP GTA Commercial Crime Section.
For further information: Sgt. Michele Paradis, “O” Division Media
Relations Office, (416) 952-4619 office, (416) 992-4409 mobile
