While British Columbia’s government hides BC Rail documents from the Auditor General, consider this current news story. It demonstrates one more example of why full disclosure and transparency is needed for all public and quasi-public financials transactions:
York University sues former executive for “vast” fraud, Toronto Star, Dec. 23/12
“A former top York University executive received about $250,000 worth of home improvements including a Jacuzzi hot tub in a widespread phoney invoice racket that he masterminded on campus, the school alleges.
“In a major lawsuit with supporting documents, York says former assistant vice-president of campus services and business operations Michael Markicevic used staff and construction materials from the university for work at two family homes, while the school unknowingly covered the costs through a “vast” scheme featuring scores of bogus invoices…”
Categories: BC Rail