![]() ![]() ![]() The former executives named in the lawsuit did not immediately respond to requests for comment. The defendants' actions have also forced TMSU to devote an enormous amount of staff time to determine what occurred.” “The most direct financial loss has been to deprive the organization of the misappropriated funds. ![]() “As a result of the defendants' deliberate and wilful financial mismanagement the TMSU has suffered extensive losses and damages,” the statement of claim alleges. It alleges former student union president Siddhanth Satish and former executives Vaishali Vinayak and Tarmanjit Mann defrauded the union for personal gain, while former executives Akibul Hoque and Maleha Yasmin were allegedly wilfully negligent in overseeing the union's finances. The Toronto Metropolitan Students' Union filed a statement of claim this week seeking $900,000 in damages after alleged wrongdoing by members of the executive team from the 2021-22 academic year. The undergraduate student union at Toronto Metropolitan University has launched a lawsuit against five former union executives, alleging fraud and financial mismanagement that it claims has resulted in major financial losses and a huge hit to its already-damaged reputation. ![]()
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