A numbered company\u0027s account was found to hold a little more than $250,000 in disputed funds, according to a case in Ontario Superior Court.
The firm recovered a portion of those funds once the fraud was discovered, and TD Bank was able to trace and place a hold on some of the accounts.
Attempts to reach Baring by this newspaper were unsuccessful. McGuinty Law did not immediately respond to a request for comment on Thursday. Baring told court he was “also a victim of fraud” and had sold a property in India with the proceeds of the sale to be deposited in his corporate bank account. Baring did not provide any documentation to support a sale of land in India and could not provide any details of the sale, including the sale price, the judge noted.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ontario budget includes funding for supportive housing, Invest OttawaOntario's largest spending plan in history includes new funding for supportive housing, Invest Ottawa and the Ronald McDonald House at CHEO.
Read more »
Northern Ontario airports seek funds to prevent fee hikesRaising fees will increase airfares and hurt an industry that hasn't fully recovered from the pandemic, says Sault Ste. Marie Airport CEO Terry Bos
Read more »
Ontario to table budget amid both surging revenues, potential slowdownFord announced Tuesday that the budget will include $224 million more to build and upgrade training centres, part of a push to boost the skilled trades
Read more »
Ontario to table budget amid both surging revenues, potential slowdownOntario\u0027s budget is set to be tabled Thursday amid both surging revenues and a potential economic slowdown.
Read more »
Ottawa Magazine to cease publication after final issue this MayThe magazine’s parent company, St. Joseph Communications, publishes several renowned Canadian media brands, such as Maclean’s and Chatelaine.
Read more »