An arrest warrant for fraud has been issued after an investor was bilked of $200,000 for start-up funds for a trucking business that police say was based on fraudulent bank contacts and business contracts.
In late January investigators with the Durham Regional Police Financial Crimes Unit began an investigation into a suspect who received funds from an investor after claiming to start a trucking and transportation business. The suspect told the victim he would be receiving a $1 million banking business loan and already had “multiple contracts” in place for transportation services with various businesses.
The suspect convinced the victim to partner in the business and transfer over $200,000 in funds to assist with business start up costs.
Investigators determined the bank contacts and business contracts were all fraudulent and that no banking business loan was issued.
Sahil Thakur, 35, of Brampton is wanted for obtain funds by false pretences (over $5,000), possess proceeds of property obtained by crime (over $5,000), and fraud (over $5,000).
Anyone with information about this incident is asked to contact A/D/Sgt. Chapman of the Financial Crimes Unit at 1-888-579-1520 ext. 5352.
Anonymous information can be sent to Durham Regional Crime Stoppers at 1-800-222-TIPS (8477) or online at www.durhamregionalcrimestoppers.ca and tipsters may be eligible for a cash reward.
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