Background: Peel Condominium Corporation No. 49 (PCC 49) secured a Mareva injunction against Bruno Zaffino, Manda Cabraja, and associated entities, and a Norwich order concerning specific financial institutions, due to alleged financial misappropriation.

Key Issues:

• PCC 49 claimed fraudulent depletion of its reserve account by the defendants through forged cheques, reducing the account from $908,844 to a $45,600 deficit.
• Cabraja confessed to the fraud, admitting to creating counterfeit bank statements and forging cheques.

Court’s Decision:

• The court granted the Mareva injunction based on evidence of fraud and asset dissipation risk, particularly noting the defendants’ asset transfers and property sales.
• A Norwich order was approved to trace the misappropriated funds, requiring banks to disclose financial transactions related to the fraud.

Outcome:

• Both orders were issued due to the strong prima facie case of fraud and the immediate risk of further asset dissipation.
• The Mareva injunction aims to freeze the defendants' assets, preventing further loss, while the Norwich order facilitates tracking the diverted funds.
• These orders were initially effective for 10 days, pending a subsequent court session to review the case further.
• No amount for cost/award specified.