Overview

• Alberta regulators and RCMP charged Edmonton residents Yuvraj Verma, 42, and Rohit Sethi, 50, over an alleged 2018–2020 real-estate scheme that authorities say cost investors nearly $6.8 million.
• Each accused faces seven counts, including fraud over $5,000, uttering forged documents, laundering proceeds of crime, managing an unlawful lottery, and making or circulating false financial statements, with an Edmonton court appearance set for Oct. 1 after release on conditions.
• Investigators allege funds raised through corporations such as Cancom Development Ltd. and Roxdale Gardens Ltd. were diverted, promised dividend reserves were not set aside, mortgage agreements were altered, and a promised Leduc County lot tied to lottery tickets was never delivered.
• Winnipeg’s police chief publicly defended obtaining a court-approved warrant to search a South Point Douglas encampment for a suspected bicycle chop shop, citing reasonable expectation of privacy in tents or shacks and noting the case is now before the courts.
• The week ahead on the economy features the wrap of a Canada–China trade mission led by Kody Blois and Saskatchewan Premier Scott Moe focused on canola tariffs, plus Statistics Canada’s new household debt-to-income reading on Thursday, alongside events from Bombardier, Transat AT and Empire Co.