Saturday, February 20, 2021

Ontario bureaucrat Sanjay Madan in $21m+ fraud

Sons of Sanjay Madan are each suing Ontario for $1m in “psychological” damages. Chinmaya Madan, 27, and Ujjawal Madan, 24, claim the government’s “allegation of conspiracy” against them is “preposterous” and “has been advanced recklessly and maliciously.” Chinmaya Madan was a product manager who resigned in July 2020 while his brother, Ujjawal Madan, worked under his father. He resigned a month later. The province alleges “some or all of” Madan, his spouse, Shalini, their sons, Chinmaya and Ujjawal, and Madan’s associate Vidhan Singh perpetrated “a massive fraud” exceeding $11 million. The OPP's anti-rackets branch are investigating. No criminal charges have been laid, yet.
Sanjay Madan was terminated in Nov 2020 from his $176k job as director of the Ministry of Education’s iAccess Solutions Branch after evidence of fraud surfaced.

He registered a company in Panama called Newgen Ventures Inc. That company owns millions in real estate, all of which was listed for sale. His assets include a seven-bedroom, seven-bathroom house in North York, six Toronto condominiums, and more than $1m from the sale of another home. Madan attempted to have an asset freeze lifted, claiming he couldn't afford a lawyer. That request was denied. Madan holds Canadian and Indian passports as well as permanent residency status in Panama, a tax haven with no extradition treaty with Canada. Most recently his lawyer claims he has mental issues.
Sanjay Madan also received $10m in secret commissions for steering government contracts to companies he or Vidhan Singh controlled. Madan, who also goes by Sadanand Madan, and his family opened more than 400 accounts at the Bank of Montreal. They deposited more than 10,000 cheques made out to fictitious people with non-existent children under the Covid support program.