10 Oct 2012

Elusive Khan ordered to pay up to the tune of $1.3 million

Manzoor Moorshed Khan, president of Channel Property Management, was implicated by a Star investigation in September 2011, revealing that he borrowed millions of dollars from condominium corporation in the Greater Toronto Area without them knowing. It is believed at least seven corporations were affected by the alleged fraud, accounting for nearly $20 million in misappropriated funds.

Residents in the Toronto area looking to secure their belongings should consider cheap storage in the area.

Justice David Brown of the Superior Court recently ruled that Khan and Channel Property Management were responsible for billing corporations for repair to exterior walls, windows and balconies in buildings at 236 Albion Road, while never actually completing the work.

Khan filed for bankruptcy last year and fled to his native Bangladesh and has not been seen since.

“He has done so much damage… so many people have lost their homes,” Golam Chowdhury, a board member at 236 Albion Road told the Toronto Star. “Hopefully, the government can look into how these frauds can be stopped by putting in checks and balances.”

Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.

Be Sociable, Share!

Related Articles [3]

4 Tips For Fireproof Document Storage

March 3rd, 2017
We all have valuables that we would be devastated to lose in a fire. Some of them are keepsakes, some of them are worth a lot of money and some of them are important legal...

Why It's Important To Get Your Winter Tires

December 20th, 2016
As soon as temperatures drop below seven degrees Celsius, it's time to swap out your all-weather, or your summer, or whatever tires you have on your car and opt for winter...

2 Tips For Choosing The Right Packing Supplies

February 12th, 2016
Having a pre-prepared list of all of the packing supplies you will need to move your belongings into a storage unit or a new home will make the move much less stressful. For...

Leave a Comment






Essential SSL