Police charge financial controller Thurasingham Kumar with fraud and theft

Investigators with the York Regional Police Major Fraud Unit have arrested a 59-year-old man in connection with two major frauds.

Between August 2007 and September 2008, Thurasingham KUMAR, was employed as a financial controller at a car dealership in the Town of Newmarket. During the time of his employment, Mr. KUMAR paid himself more than was agreed upon and kept money after cashing unauthorized cheques. He is alleged to have defrauded the company of more than $254,000.

In addition, Mr. KUMAR was employed by a clothing company in the Town of Whitchurch-Stouffville between March 2010 and July 2010. As an employee with that company, it is alleged he failed to make cash deposits totalling more than $9,300.

On Monday, July 11, 2011, at approximately 9:30 a.m., Mr. KUMAR attended York Regional Police #1 District Headquarters, located at 240 Prospect Street in the Town of Newmarket and was arrested without incident.

CHARGED:
 Thurasingham KUMAR, 59, of Newmarket

CHARGES:
 Fraud Over $5,000
 Theft Over $5,000 X2

Mr. KUMAR was held in custody and is scheduled to appear before the Ontario Court of Justice in Newmarket on Tuesday, July 12, 2011.

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