The largest creditor of the San Group wants to take control of some other Vancouver Island businesses connected to the former sawmill company. Kingsley Group operates in Coombs, and court documents show that it has some close ties to the San Group. The Royal Bank of Canada, which is owed $6.7 million from the Kingsley Group, wants to recall its loan and secure the company’s assets. The bank is owed more than $107 million from the San Group. It comes as the San Group’s Alberni Valley mills remain for sale as a court-appointed-monitor tries to drum up interest. …Kamal Sanghara and Sukhjit Sangara are directors with a 32.5 per cent stake each in Kingsley Group, and both are former owners of the group. …CHEK News spoke with Sukhijit Sanghera, a former owner of San Group at Kingsley, and asked if the San Group moved money to Kingsley Trucking and other places to hide assets or prop up Kingsley’s business.
Additional coverage in the Victoria Times Colonist, by Carla Wilson: Addition of trucking firm to San creditor list raises questions about movement of money, equipment