“Gillani engaged in fraudulent conduct by making false, inaccurate and misleading statements to investors and Driscoll regarding the user of investor funds,” argued the OSC in a statement of allegations released back in March 2012.
Gillani came under government and financial scrutiny after the Toronto Star revealed, in 2010, that he and former Conservative MP Rahim Jaffar were discussing business deals, related to the allegations against Gillani. Furthermore, an email sent by Gillani to prospective business partners read “Mr. Jaffar has opened up the Prime Minister’s office to us,” adding that Jaffar was promising government grants to propel their business interests, the Star reported. In addition, the Star said that Gillani testified at a House of Commons committee, which looked into the Jaffar business deals, apologizing for the email that implicated the Prime Minister’s Office in his dealings.
Gillani and Driscoll are ordered to appear at OSC hearings, which will begin on Jan. 13, 2014 and continue throughout the month and into February.