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Former South Asian Center of Windsor chief charged for embezzling $268K
Sushil Jain was accused of embezzling money meant for organization into his personal bank account
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Representative image / Police.windsor.on.ca
The Windsor Police Service in Ontario, Canada, has charged an Indian-origin man for defrauding a charity of over US $ 268,146 (approx.)
81-year-old, Sushil Kumar Jain, the former president of the South Asian Center of Windsor (SACW), allegedly channelled funds meant for the organization to his personal bank accounts. He was located and arrested by the Windsor Police on February 13.
An investigation by Windsor Police Financial Crimes Unit found that Jain had been embezzling money for more than a decade, i.e. from September 2011 until June 2023. The investigation started in August 2023 after receiving a tip that a one-time board member had stolen a large amount of money from the not-for-profit organization.
According to a release by SACW, the organization’s board discovered financial irregularities when it obtained information about an organizational bank account operated by Jain several weeks after he resigned from his position as president on April 13, 2023. This is when the board sought the legal route to recover the missing funds.
Jain who was still serving as one of the board directors, resigned, while the board removed and replaced its treasurer. SACW reached out to the Windsor Police regarding the alleged fraud after Jain refused to cooperate and provide an accounting for the funds he controlled.
“We are determined to recover the misappropriated funds,” said Dr Fazle Baki, the current president of SACW. Recently the organization adopted new bylaws that will require the board to approve the opening of any SACW bank account and two board-appointed signatories for every cheque or contract made on the organization’s behalf.
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