Blinded by diversity and the false promise of sharia. via Mystery of the missing $2 million in gold bullion ? thestar.com.
The head of an insolvent mortgage company unloaded $2.2 million in gold and silver from his car at a Rexdale parking lot at night, according to his own testimony, and handed it to a man who has since disappeared.
Court documents also tell of gold bullion and thousands of silver coins being ferried around the city in private cars, with no added security, from downtown banks to outlying business offices.
One participant has returned the silver. Court-appointed receiver Grant Thornton Ltd., in the Ontario Superior Court of Justice, is still demanding nearly $2 million in gold bars.
The only person who seems to know where it is ? a Toronto resident from Egypt called Joseph Adam ? left for Egypt two months ago and cannot be found.
?He should come here and tell us (where the gold is),? Mississauga Muslim cleric Yusuf Panchbaya testified in November at the receivership hearings. ?If he doesn?t, then in that case he can let us know even by phone or whatever, so where it is, or if need be, we are even prepared to go to Egypt and look for it.?
?Do you think he took the gold to Egypt?? the examining lawyer asked.
?I don?t think he has taken it with him to Egypt,? the witness replied.
The troubled mortgage company is actually two related firms called UM Financial Inc. and UM Capital Inc., the first of which was founded in 2004 by Brampton resident Omar Kalair as a venture into ?sharia compliant? home mortgages.
Court documents show 172 homeowners were involved with the UM companies when they went into receivership in October, and UM presenting itself as Canada?s leading sharia mortgage firm.
But the case is attracting attention.
For several years, several Canadian banks have experimented in offering sharia-compliant services and in January the University of Toronto is to offer its first course on the subject.
Walid Hejazi, of the university?s Rotman School of Management, has said his three-day course will cater to executives who ?want to get an edge to differentiate themselves.?
Muslim cleric Panchbaya had once been chairman of UM Financial and was now claiming $2.7 million on behalf of himself and four other local clerics. The group said they had given the company free sharia guidance for several years and eventually expected to be paid.
Giving sharia guidance in Canada? Why?
Read the bizarre story to get an idea of how sharia financiers operate?at the expense of infidels.
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