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Judge rejects Nygard bid to use money from firms in receivership to pay criminal case lawyers

A Manitoba judge has rejected a request by disgraced fashion mogul Peter Nygard to use money from his companies currently in receivership to pay his criminal defence lawyers. 

Nygard is appealing the decision.

Nine Nygard companies have been under court-appointed receivership since March 18, 2020. 

Recent documents filed in the case show since that time the receiver, Richter Advisory Group Inc., took in more than $121 million and paid out more than $42 million to clear up company debts. 

The court records show as of May 2021, $12.8 million remains after the sale of company assets.

Court filings also indicate the Nygard companies owe $3 million to the Canada Revenue Agency, although the court has not yet authorized that payment

Court records filed between December 2021 and March 2022 show Nygard wants to use $1.15 million from the $10 million being held in trust by the receiver to pay…

Read more at www.cbc.ca

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