The defendants, Mohammad Mehdi Toozhy and Sameen Siddiqi, applied for directed verdicts of acquittal on charges relating to three bank loans obtained under the federal small business financing program.
The Crown alleged the defendants used false invoices to obtain loans for equipment that was never purchased, and instead diverted the funds to themselves and others.
The court applied the test for a directed verdict and found that there was some evidence upon which a reasonable jury, properly instructed, could convict each defendant on each charge.
The applications for directed verdicts were dismissed.
