The Ford government appointed this developer to a committee to protect at-risk species. A month later, he’s been turfed over serious allegations
www.thestar.com
Sajjad Hussain said he was honoured to have been appointed. He didn’t address allegations that he misappropriated millions from a Markham development.

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Hussain and Sunrise’s co-director, Muzammil Kodwavi, had improperly diverted more than $10 million intended for the townhouse project, the receiver alleged. The money was allegedly transferred to the two directors as well as several other companies they’re affiliated with.

The receiver alleged in a Dec. 2022 court motion that the directors then cooked the books, maintaining an inaccurate ledger to conceal the true nature of transactions that “only served to enrich themselves and non-arm’s lengths parties to the detriment of the company and its creditors.”

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  • Avid Amoeba
    4·
    1 year ago

    That’s the parent’s mistake. They have to divert the $500, then they’ll be fine.