Brampton man charged with fraud relating to the bankruptcy process

TORONTO, Aug. 24, 2012 /CNW/ - The Integrated Bankruptcy Enforcement Unit comprised of the Royal Canadian Mounted Police (RCMP) - Greater Toronto Area (GTA) Commercial 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 Bankruptcy and Insolvency Act (BIA).   The charges relate to an alleged abuse of the bankruptcy process.

Khampanh Tsai, 56 years of age, of Brampton, Ontario, has been charged with three offences under Section 198(2) of the BIA; 'failing to comply with his duties as a bankrupt, and one offence under Section 198(1)(b) of the BIA; 'Neglecting to Answer Truthfully at Examination'

The first court appearance is scheduled for Friday, August 24th, 2012 at Old City Hall in Toronto.

The combined efforts of the RCMP and the OSB Special Investigation Units will continue to focus on responding to allegations of criminal wrongdoing related to the bankruptcy and insolvency system and undertaking criminal investigations where evidence of  wrongdoing exist.  The objective is to maintain confidence in the integrity of the bankruptcy and insolvency system and the economic stability of Canada.

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

SOURCE: Royal Canadian Mounted Police

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