Developer accused of misappropriating funds, as 2 more condo projects placed into receivership (BC)

/ Owner - December 14, 2024

A lawyer for a mortgage company accused the embattled developers of three debt-ridden Lower Mainland condo projects Friday of misappropriating funds meant for the Canada Revenue Agency.  But under questioning from a judge who has now placed three Thind properties projects into receivership in the span of a month, Kingsett Mortgage Corporation lawyer Emma Newbery said her client wasn’t alleging “criminal connotations” against the developers.    Read the article…………………………….

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