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Disclosure Summary

As required under the Conflict of Interest Code for Members of the House of Commons
Statutory requirement(s):
23. (1) The Commissioner shall prepare a disclosure summary based on each Member’s statement filed under section 21 and submit it to the member for review.23.
(2) Each summary is to be placed on file at the office of the Commissioner and made available for public inspection during normal business hours, and posted on the website of the Commissioner. Each summary shall also be available to the public, on request, by fax or mail.
24. (1) The summary shall :
(a)
subject to subsection (3), set out the source and nature, but not the value, of the income, assets and liabilities referred to in the Member’s statement filed under section 20;
(b)
identify any contracts or subcontracts referred to in paragraph 21(1)(c) and describe their subject-matter and nature;
(c)
list the names of any affiliated corporations referred to in that statement;
(d)
include a copy of any statements of disclosure filed by the Member under subsections 14(3), 15(1) and 21(3);
(e)
list the positions and corporations, trade or professional associations and trade unions disclosed under paragraph 21(1)(e); and
(f)
list any trusts disclosed under paragraph 21(1)(b.1).
Randeep Sarai · Member of Parliament
No Longer Applicable
Declaration type
Disclosure Summaries (Code)
Disclosure date
January 16, 2024
Regime
Conflict of Interest Code for Members of the House of Commons
Description
Assets
Sole ownership of duplex rental property located in Burnaby, British Columbia
Sole ownership of four rental units located in Burnaby, British Columbia
Sole ownership of a rental property located in Surrey, British Columbia
Other Sources of Income
Last and next 12 months:
Rental income from properties
Liabilities
Two mortgages with Vancity
Co-guarantor for a mortgage with three individuals with National Bank
Co-guarantor for a mortgage with three individuals with Envision Credit Union
Vehicle loan with the Royal Bank of Canada
Line of credit with Vancity
Home Equity Line of Credit with National Bank

Investment in Private Corporations
Controlling interest in Grand Fairway Development Inc., a real estate holding company that holds a nominal interest in 1041672 B.C. Ltd, a real estate holding and rental company in Surrey, British Columbia
Controlling interest in 687495 B.C. Ltd., a real estate holding and rental company in Surrey, British Columbia

Activities
Member of the Board of Directors of 3H0 Foundation Society, a non-profit organization based in Vancouver, British Columbia
Spouse's/Common-Law Partner's source(s) of income
Last and next 12 months:
Employment income from Sarai Consulting, a sole proprietorship that offers business writing consulting
Spouse's/Common-Law Partner's liabilities
Co-signor for a loan for an individual with Vancity
Co-guarantor for a corporate loan for 1384424 B.C. Ltd. with the Bank of Montreal
Spouse's/Common-Law Partner's investment in private corporations
Significant ownership interest in 1384424 B.C. Ltd. based in Abbotsford, British Columbia that owns a franchise, Chaiiwala of London
Spouse's/Common-Law Partner's activities
Member of the Board of Directors of the Central Organizing Resource for South Asians Foundation
Member of the Board of Directors of 1384424 B.C. Ltd
Member of the Board of Directors of the Grand Fairway Development Inc.
Disclosed on January 16, 2024