Cultural chasm at the centre of credit union’s losses, judge says

How a deal to help devout Ontario Muslims buy homes went astray, costing Central 1 Credit Union millions and resulting in fraud charges — but no convictions

When a Shariah-compliant mortgage-lending program blew up in 2010 and several million dollars went missing, Central 1 Credit Union was the victim of a cultural misunderstanding, not a fraud, an Ontario Superior Court justice recently ruled.