Delhi HC allows Canadian government to recover Rs 65.9 crore from bank accounts of former Indo-Canadian bureaucrat
The Delhi High Court Monday allowed the Canadian government to recover Rs 65.9 crore from two Indian private bank accounts of Sanjay Madan, a former Canadian bureaucrat of Indian origin, who had allegedly embezzled and diverted the funds into his account.
Madan's counsel had informed the Delhi High Court that he had Rs 38 crore in IndusInd Bank and Rs 29 crore in RBL Bank.
The Canadian government had sought to recover funds allegedly diverted to India by Madan as part of a Rs 290 crore fraud that he had perpetrated over several years.
Canadian authorities claimed that Madan had 'exploited' his senior position within Canada's Ministry of Education to 'manipulate the payment system of the Support for Families Program (SFFP)' to divert substantial sums into bank accounts which were either under his direct or indirect control.
The Canadian government also submitted that Madan colluded with other officials to 'rig the selection process for IT Consultants' within the Canadian Ministry of Education and to 'secure illicit commissions from vendors through a kickback scheme.'
It had come on record before a Canadian court that funds allegedly diverted by Madan had been used to buy properties in India.
The Canadian court had sentenced Madan to 10 years in prison in April 2023 under multiple offences like fraud, breach of trust, and money laundering. He agreed to repay the entire 'defrauded' amount over a period of 15 years as part of a settlement.
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