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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,216,806,570
Close 2026-09-17 C$ 131.66
Market Cap C$ 160,204,753,006
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Globe says Scotiabank told Grewal controversy widens

2026-09-18 08:34 ET - In the News

The Globe and Mail reports in its Friday edition that two Ontario Sikh temples have been pulled into the widening array of legal and business controversies related to lawyer and former Liberal MP Rajvinder Grewal. The Globe's Shane Dingman writes that a pair of companies are suing the temples for the return of more than $13-million in loans obtained using the religious groups' property as collateral. Mr. Grewal's law firm allegedly failed to properly execute paperwork associated with the loans, a claim that has been repeated in other litigation faced by the former politician. In addition, $250,000 from an alleged cheque fraud connected to his firm was routed to a temple's bank accounts. Mr. Grewal and the law firm he founded and named after himself -- RSG Law Professional Corporation -- are at the centre of a series of civil claims related to lending and real estate development. The collective claims top more than $200-million and some cases involve allegations of fraud. In a related matter, another $250,000 that was the proceeds of an alleged cheque fraud against Scotiabank involving Rajkiran Sidhu, a lawyer connected to Mr. Grewal, was also traced to have been paid to Sikh Spiritual Centre Toronto through RSG Law.

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