An angry investor had threatened to report wrestling great Tiger Jeet Singh to the police after learning that he’s received special treatment in an aborted property deal in Edmonton, a judge heard yesterday. Testifying in Ontario Court (general division). Bahadur Singh (Paul) Toor said Jasbir Cheema, 50, became upset after learning that the wrestler had paid less than the other investors for his shares in Rundle Park Village. He added that Mr. Cheema, who lost heavily in the deal, expected Tiger Jeet Singh — whose real name is Jagjit Singh Hans — to give him $84,000 to secure his silence. Otherwise he will report it to the police, “Mr. Toor told Judge Speyer. “*Tiger said, no,” he added.

Mr. Toor — who is related by marriage to Mr. Hans — testified that Mr. Cheema had recently learned that the Edmonton complex had sold for $7,170,000 in 1989 and not $8 million as investors had been told by the promoters. At about the same time, Mr. Cheema was given same extra shares in the property in what has been described as “hush money,” according to previous testimony. Mr. Toor, 45, and Narinder Dev Sood, 57, who were real estate agents with the Sutton Group in Brampton, have both pleaded not guilty to fraud related charges in connection with the Alberta deal.

A number of investors have testified, including Mr. Cheema that Mr. Sood, Mr. Toor and Mr. Hans had planned to flip the property for a million dollars and divide the profits among themselves. Mr. Toor, a former cab driver. Testified that he knew from the beginning that the real purchase price of Rundle Park Village was $7,170,000 and that each unit had cost about $41,000, not $45,000 as investors were told. He said he also knew that Mr. Sood who is also known as Herbie Parmar, planned to sell Rundle Park quickly for a higher price and take a portion of the profits for finding the property and arranging the “flip” “‘It’s called a flip. It is sold to other investors at an inflated price,” he said.

He said Mr. Sood had explained the workings of a property flip assured him that it was “Perfectly legal.” “I believed him. I didn’t have any other source I could go to and find out. I believed him, “he testified. He said Mr. Sood promised him real estate commissions on five different commercial properties for doing “paper work” on the Rundle deal.

Article extracted from this publication >>  October 9, 1996