Aurora Man Charged with Fraud Relating to Voluntary Bankruptcy Process

TORONTO, May 29, 2012 /CNW/ - The Royal Canadian Mounted Police - Greater Toronto Area (GTA) Commercial Crime Section, in collaboration with the newly established Ontario Region Special Investigation Unit of the Office of the Superintendent of Bankruptcy (OSB), charged the following individual with offences under the Bankruptcy & Insolvency Act (BIA) and the Criminal Code (CC).   The allegations all relate to fraud and the abuse of the bankruptcy process.

Mohammad Reza Mardaneh, 45 years of age, of Aurora, Ontario was charged on May 23rd, 2012 and a warrant of arrest has been obtained as his whereabouts is currently unknown. He has been charged with four counts of False Statement to Obtain Credit contrary to section 362(1) CC, and two counts of Neglecting to Answer Fully and Truthfully at Examination contrary to section 198(1)(b) BIA, as well as Failure to comply with Duties of a Bankrupt contrary to section 198(2) BIA.

The Superintendent of Bankruptcy has special investigation units located in major Canadian centers, including Toronto, that work in an integrated fashion with the RCMP to investigate fraudulent bankruptcies. The RCMP works closely with the Superintendent of Bankruptcy's office to maintain the integrity of the insolvency system by investigating individuals and businesses who commit bankruptcy fraud.

The RCMP GTA Commercial Crime Section can be reached by calling the RCMP Toronto West Detachment at 1-800-461-9398.

For further inquiries:

Sgt. Richard Rollings,
Media Relations Coordinator
RCMP "O" Division
Office: [phone]
Cell: [phone]