Five people charged with $8,000,000 real-estate fraud in Mississauga

This article was last updated on April 16, 2022

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Investigators from the Peel Regional Police Fraud Bureau have arrested five individuals for fraud related offences valued at more than $8,000,000.00.

The suspects had been operating a business out of the Peel Region named Netbusmodel, which in turn was an umbrella company for other companies such as Alcorp Financial Services Limited, Commonwealth Capital Corporation, International Currency Exchange Services and several numbered Ontario incorporated companies.

In July 2000 the accused parties held several financial seminars, at various locations in the greater Toronto area, where they encouraged attendees to invest money into their companies. Victims were promised large returns on their investment, through an offshore Indian Money Market.

In reality, the victims’ money was never placed into a money market and was instead used to invest in a development called Emmanuel Village Homes, located in Kitchener. None of the victims received any return on their investment.

This process was repeated until April 2003, at which time the accused parties closed their office in Mississauga.

Following a lengthy investigation, investigators determined that there were 79 known victims, who were defrauded of over $8,000,000.00.

On Tuesday June 1, 2010, police arrested and charged the following people with several fraud related charges.

Bryan HUNKING – a 59 year-old male from Elmira, was charged with three counts of Defraud the Public.
Judith HUNKING – a 57 year-old female from Elmira, was charged with three counts of Defraud the Public.
Inderpal BAJAJ – a 55 year-old male from Brampton was charged with two counts of Defraud the Public.
Rajesh CHOWDHRY – a 48 year-old male from Brampton was charged with three counts of Defraud the Public and one count of Fraud Over Five Thousand Dollars.
Ajindrapal SINGH – a 54 year-old male from Brampton was charged with three counts of Defraud the Public.

Investigators have located seventy nine (79) victims, but believe that there may be other individuals who may have been victimized in the same manner.

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