Mississauga man found guilty in connection to investigation into extensive real estate fraud

Ottawa, Ontario – Nadeem Ahmed has been found guilty of three charges under the Criminal Code, following an investigation into foreign real estate investment fraud.

In a decision handed down by the Ontario Supreme Court of Justice on April 21, 2021, 51-year-old Nadeem Imtiaz Ahmed was found guilty of two counts of Fraud (Section 380 CC) and one count of Uttering a Forged Document (Section 368 CC).

Nadeem Ahmed was arrested in March 2018, along with former Member of Parliament, Wajid Ali Khan, following Project Alcazar, an investigation led by the RCMP National Division’s Sensitive and International Investigations section. It is believed the two men fraudulently borrowed large amounts of money from personal contacts in Canada to purchase investment properties in Pakistan.

Fraud - File Photo
Fraud – File Photo

Project Alcazar began in January 2015, and involved collaboration between the RCMP, the Canada Border Services Agency, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Immigration, Refugees and Citizenship Canada and the Peel Regional Police. Investigators also obtained specialized expertise from the Forensic Accounting Management Group of Public Services and Procurement Canada.

Nadeem Ahmed is scheduled to return to court on June 4, 2021, at which time a date for sentencing is expected to be set. Charges against 75-year-old Wajid Ali Khan are proceeding through the courts.

National Division’s Sensitive and International Investigations section focuses on criminal activity that poses a threat to Canada’s government institutions, public officials, the integrity of the Crown, or that imperils Canada’s political, economic and social integrity. This work is carried out through close collaboration and strategic intelligence sharing within the organization and with the RCMP’s national and international partners.

Ontario RCMP

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