Tarsem Singh Gill pleaded guilty to two counts of fraud in May 2013, after admitting to scamming nearly $40 million from 77 home buyers and 30 lenders in a complicated pyramid scheme between 2000 and 2002.
In January, Gill tried to withdraw that guilty plea and force a new trial. The former Vancouver property developer told B.C. Supreme Court justice Terence Schultes he was suffering from depression — including thoughts of suicide — when he pleaded guilty and therefore his judgment was clouded.
On Friday, Schultes ruled this "left a meaningful concern about the shortcomings" of Gill's guilty plea. He also said "the possibility of miscarriage of justice would be high" if he did not allow Gill to withdraw his guilty plea.
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