02/28/2014 01:59 EST | Updated 04/30/2014 05:59 EDT

Tarsem Singh Gill, alleged B.C. fraudster, gets new trial

The man who has avoided five trials for allegedly committing one of the largest real estate frauds in B.C. history successfully withdrew his guilty plea and forced a sixth trial on Friday.

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.

More to come.