In newly released court documents investigators allege that hours after Harb took out a $177,000 mortgage on his home in Cobden, Ont., in Oct. 2007, he transferred 99.99 per cent of the title to Magdalene Teo, who was at the time Brunei’s High Commissioner to Canada. She is now Brunei’s ambassador to China.
The RCMP documents allege Harb retained 0.01 percent of the home in his name, and did not notify the bank of the transfer, “thereby putting (the bank) at potential risk financially.” Investigators also allege that in late 2010 Harb took out a second mortgage, this time on a home in Westneath, Ont., and in his mortgage application told Royal Bank that he was the sole owner Cobden property.
“This was a fraudulent misrepresentation of assets on that mortgage application,” RCMP Cpl. Greg Horton alleges in the affidavit.
Libranos
RCMP unveils new details in fraud allegations against former senator Mac Harb | CTV News
The RCMP documents allege Harb retained 0.01 percent of the home in his name, and did not notify the bank of the transfer, “thereby putting (the bank) at potential risk financially.” Investigators also allege that in late 2010 Harb took out a second mortgage, this time on a home in Westneath, Ont., and in his mortgage application told Royal Bank that he was the sole owner Cobden property.
“This was a fraudulent misrepresentation of assets on that mortgage application,” RCMP Cpl. Greg Horton alleges in the affidavit.
Libranos
RCMP unveils new details in fraud allegations against former senator Mac Harb | CTV News