Former B.C. resident charged with fraud, arrested in Ontario, regulator says
A 35-year-old former Surrey resident has been charged with fraud, according to B.C.'s financial markets regulator.
Abrar Sheikh, who currently resides in Ontario, has been charged with one count of fraud over $5,000 in relation to misconduct that allegedly took place in B.C. between 2015 and 2017, according to a news release from the B.C. Securities Commission.
The BCSC did not share any details of the allegations against Sheikh, saying only that the charge was the result of an investigation by the commission's criminal investigation branch.
Sheikh was arrested after a warrant was issued for the fraud charge, the BCSC said, adding that he was released last week on $100,000 cash bail and must abide by "numerous conditions."
Those conditions require Sheikh to abide by a curfew and surrender all travel documents, the BCSC said. He is also prohibited from leaving Canada; contacting the alleged victim in his case; selling, promoting, buying, trading or distributing securities; and engaging in investor relations activities.
His next court appearance is scheduled for Dec. 15 at Surrey provincial court.
"The BCSC would like to thank Peel Regional Police, the Ontario Securities Commission Joint Serious Offences Team, Ontario Provincial Police, Canada Border Services Agency, B.C. Sheriff Service, and the Surrey RCMP for their assistance with the location and arrest of Sheikh," the BCSC said in its release.
CTVNews.ca Top Stories
Cuban government apologizes to Montreal-area family after delivering wrong body
Cuba's foreign affairs minister has apologized to a Montreal-area family after they were sent the wrong body following the death of a loved one.
What is changing about Canada's capital gains tax and how does it impact me?
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
Quebec nurse had to clean up after husband's death in Montreal hospital
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
'Anything to win': Trudeau says as Poilievre defends meeting protesters
Prime Minister Justin Trudeau is accusing Conservative Leader Pierre Poilievre of welcoming 'the support of conspiracy theorists and extremists,' after the Conservative leader was photographed meeting with protesters, which his office has defended.
Fair in Ontario, flurries in Labrador: Weather systems make for an erratic spring
"It's a bit of a complicated pattern; we've got a lot going on," said Jennifer Smith of the Meteorological Service of Canada in an interview with CTVNews.ca on Wednesday. "[As is] typical with weather, all of these things are related."
Boeing's financial woes continue, while families of crash victims urge U.S. to prosecute the company
Boeing said Wednesday that it lost US$355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
Police tangle with students in Texas and California as wave of campus protest against Gaza war grows
Police tangled with student demonstrators in Texas and California while new encampments sprouted Wednesday at Harvard and other colleges as school leaders sought ways to defuse a growing wave of pro-Palestinian protests.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Northern Ont. lawyer who abandoned clients in child protection cases disbarred
A North Bay, Ont., lawyer who abandoned 15 clients – many of them child protection cases – has lost his licence to practise law.