Ottawa couple charged with fraud over bankruptcy
CBC News
Posted: Jun 22, 2012 4:56 PM ET
Last Updated: Jun 22, 2012 6:55 PM ET
An Ottawa couple faces 21 charges after an RCMP investigation into an alleged multi-million dollar fraud.
RCMP allege Roland and Marlene Yacoub Eid stole assets from their company — ICI Construction Management — and then fled to Lebanon in 2008, leaving behind liabilities of more than $10 million.
The company was forced into bankruptcy soon after, leaving hundreds of creditors in the lurch.
The RCMP launched the investigation after receiving a complaint from the Office of the Superintendent of Bankruptcy.
After a four-year investigation, the RCMP laid charges under both the Criminal Code and the Bankruptcy and Insolvency Act, including fraud over $5,000, obtaining credit by false pretence, laundering proceeds of crime, fraudulent disposition of property and obtaining credit by false representation.
Roland Eid is in custody pending a bail hearing, while his wife Marlene Yacoub Eid has been released with conditions.
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