RCMP searching for fraud suspect

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A former Yellowknife business owner is being charged with several counts of fraud.

A few years ago, Deepak Kumar applied for a loan from a Toronto-based financing company.

He lied about his assets and that began an investigation by RCMP in late 2015.

Kumar is the former owner of 2 diamond cutting and polishing stores that were located on Archibald Street in Yellowknife.

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The amount of alleged fraud is reportedly valued at over one million dollars.

RCMP officials are seeking a warrant for Kumar, as he is currently not in the country.


Should anyone have any information in relation to this investigation, please contact the Financial Crime Section at 867-669-1111, or contact Crimestoppers: by telephone at 1-800-222-8477; or online at nwtnutips.com, and click on “submit a web tip”; or by texting “nwtnutips” to 274637.

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