Ex-MP Wajid Ali Khan faces 7 charges ? namely, 3 counts of false pretense, 1 count of uttering of a forged document, and 3 counts of fraud. He borrowed an amount exceeding $1.1M from his personal contacts in Canada for the purpose of buying investment properties for said contacts in Pakistan. 48 years old Nadeem Imtiaz Ahmed is accused with him.
International Investment Fraud
Wajid Ali Khan, Former Mississauga-Streetsville MP has been charged for international investment fraud by the RCMP. 71 year old Khan was charged together with Nadeem Imtiaz Ahmed for borrowing $1.1M from personal contacts telling them that the money will be used to purchase investment properties in Pakistan in their name.
Ahmed faces 5 charges for his involvement while Khan was charged with 1 count of uttering a forged document, 3 counts of false pretense, and 3 counts of fraud, a total of 7 charges.
3 Years of Investigations
RCMP received complaints regarding Khan?s wrongdoings in 2015 and launched an investigation immediately though charges were only recently laid. The investigation was carried out by the Sensitive and International Investigative Section, an arm of RCMP that focuses on criminal activity that imperils Canada?s social, economic, and social integrity, or that poses a threat to Canada?s public officials, government institutions, and integrity of the Crown.
Fall From Grace
Former MP Khan made headlines in 2007 for leaving the Liberal Party and joining the Conservatives; and again in 2009 when he left politics for good. He reportedly made the cross to continue acting as special adviser on Middle East and Central Asia for then prime minister Stephen Harper.
Khan was an esteemed member in the GTA?s Muslim and Pakistani communities and was first elected in 2004 to the House of Commons. He was elected again in 2006 before retiring in 2009.
Khan said that after retiring from politics, he planned to pass his time promoting Canadian businesses worldwide as well as managing his assets in Edmonton, the GTA, and Pakistan where he served as an officer and pilot from 1966 to 1973.
Prevention Is Better Than Cure
RCMP Supt. Denis Desnovers stated in a press release that recognizing a scam is crucial to prevent it from happening. He added that swindlers often claim affiliation with trustworthy sources, provide truthful-sounding answers to tough questions, and attempt to cover the truth in the fine print. He capped his statement by saying that if a deal seems too good to be true, then protecting one?s self with facts and skepticism is necessary.
Supt. Desnovers? warning should be heeded by everyone. There is no telling whether an opportunity is real or a scam just by association. Learning to be discerning, asking the right questions, and having a skeptical mind is of great value these days, more so when dealing with anything involving money.
Fraud is everywhere and the next victim could be you! If you need assistance investigating a possible fraud or want to have appropriate fraud prevention protocols for your business, contact us at Haywood Hunt!