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INFORMATION WANTED: Mississauga lawyer wanted for real estate fraud worth more than $7.5 million

Police are searching for a Mississauga lawyer who allegedly defrauded millions from his clients in connection with real estate transactions.

news release issued Friday disclosed that, 41-year-old Shahid Malik of Shahid Malik Law Office was retained by several people between June 2021 and December 2021 to settle their real estate dealings.

Malik allegedly received more than $7.5 million in trust from his clients to pay off their outstanding mortgages. However, he allegedly ignored the victims’ requests and did not use the funds to make payments.

Police said “as such, each victim has suffered a significant financial loss.”

Malik is now wanted for defrauding the public and breach of trust.

A warrant for his arrest has been issued.

Police believe there may be more victims.

Police ask anyone who has information about Malik’s whereabouts are being urged to contact investigators at 905-453-2121, ext. 3354.

This article is originally sourced by www.cp24.com.