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Ford government appointee removed over serious allegations (www.thestar.com)

submitted 1 year ago by moormaan to c/ontario

4 comments fedilink hide all child comments

Hussain and Sunrise’s co-director, Muzammil Kodwavi, had improperly diverted more than $10 million intended for the townhouse project, the receiver alleged. The money was allegedly transferred to the two directors as well as several other companies they’re affiliated with.

The receiver alleged in a Dec. 2022 court motion that the directors then cooked the books, maintaining an inaccurate ledger to conceal the true nature of transactions that “only served to enrich themselves and non-arm’s lengths parties to the detriment of the company and its creditors.”

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[–] VieuxQueb 13 points 1 year ago (1 children)

They should be sent to jail ! If I stole 500$ they would send me to jail, why stealing 10 millions would not ?

[–] jadero 8 points 1 year ago (1 children)

I think the key is found in the terminology. They didn't steal, they diverted. We have to call theft where we see it, not paper it over with euphemisms.

[–] avidamoeba 4 points 1 year ago

That's the parent's mistake. They have to divert the $500, then they'll be fine.