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
Pearson gold heist suspect arrested after flying into Toronto from India
Another suspect is in custody in connection with the gold heist at Toronto Pearson International Airport last year, police say.
Justin and Hailey Bieber are expecting their first child together
Hailey and Justin Bieber are going to be parents. The couple announced the news on Thursday on Instagram, both sharing a video that showcases Hailey Bieber's growing belly.
From outer space? Sask. farmers baffled after discovering strange wreckage in field
A family of fifth generation farmers from Ituna, Sask. are trying to find answers after discovering several strange objects lying on their land.
B.C. man used Bobcat as 'weapon' while chasing away homeless people, judge says
A B.C. man has been convicted of assault with a weapon after using a skid-steer Bobcat to chase two homeless people from his lawn, injuring one of them in the process.
Debate on abortion rights erupts on Parliament Hill, Poilievre vows he won't legislate
A Conservative government led by Pierre Poilievre would not legislate on, nor use the notwithstanding clause, on abortion, his office says, as anti-abortion protesters gather on Parliament Hill.
Ontario family receives massive hospital bill as part of LTC law, refuses to pay
A southwestern Ontario woman has received an $8,400 bill from a hospital in Windsor, Ont., after she refused to put her mother in a nursing home she hated -- and she says she has no intention of paying it.
Miss Teen USA steps down just days after Miss USA's resignation
Miss Teen USA resigned Wednesday, sending further shock waves through the pageant community just days after Miss USA said she would relinquish her crown.
'Nobody should be getting away with murder': Grieving mother speaks out after son killed in North Preston, N.S.
A grieving mother is speaking out after her 36-year-old son was shot and killed in North Preston, N.S., Wednesday night.
Toronto-area dessert shop featured by Keith Lee forced to move after zoning complaint
A small Ajax dessert shop that recently received a glowing review from celebrity food critic Keith Lee is being forced to move after a zoning complaint was made following the social media influencer’s visit last month.