Balpreet Singh Bal is a B.C. real estate agent whose licence was suspended and accounts frozen over a mountain of misconduct. He is the sole director and CEO of a company once owned by murdered HA Suminder ‘Allie’ Grewal, who was whacked in 2019. Grewal’s killers, Calvin Junior Powery-Hooker and Nathan James De Jong, were sentenced in 2021 to life in prison with no chance of parole for 20 years after pleading guilty to the hit. On the same day Grewal was killed, the name of a company he once owned was changed from “A. Grewal Holdings (2016) Ltd.” to “1083814 B.C. Ltd.” At the time the company’s name changed, its sole director was Balpreet Singh Bal. He replaced the company’s former directors, Suminder and Nardeep Grewal, months before the killing.
The B.C. Financial Services Authority issued an “order in urgent circumstances” suspending Lighthouse Realty Ltd. and Jovi Realty. The two companies already had their accounts frozen as part of the investigation into Balpreet Singh Bal. The companies are facing “serious allegations of misconduct related to trust account management.” Ralph Frederick Oakes of Jovi and Colin Ross McDonald and James Robert Thiessen of Lighthouse are being fingered. Bal is accused of “mishandling of trust funds, deceptive dealing, failing to maintain brokerage records and offering mortgage and investment services without registration.”
Bal has at very least two dozen civil cases that involve Bal, one of the brokerages he controls, or one of his numbered companies. Four real estate companies Bal owns—Bal Realty Services Inc., Amex-Fraseridge Realty, Jovi Realty and Lighthouse Realty Ltd.—have had their accounts frozen while the investigation is ongoing. Replacing Bal as the sole director of Jovi and Lighthouse was Parminder Sondhi, whose address listed in corporate records is the same as Jovi’s Vancouver address.
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