The Crown appealed acquittals on charges including theft over $5,000, possession of stolen property, fraud, false pretences, and making a false statement to obtain a loan arising from a business loan secured by equipment.
The trial judge concluded there was reasonable doubt regarding the accused’s intent to breach the criminal law, largely because the accused intended to repay the loan.
The appellate court held the trial judge’s reasons were insufficient to permit meaningful appellate review and failed to explain how credibility findings or the evidence supported the acquittals.
The court also found an error of law in treating an intention to repay as negating fraudulent intent, contrary to established jurisprudence.
The Crown appeal was allowed and a new trial ordered.