Former Hospital Administrator Accused of Providing Insider Information to Construction Company

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FRAUD,HOSPITAL,CONSTRUCTION

Vas Georgiou, ex-chief administrative officer of Toronto's St. Michael's Hospital, is facing fraud charges for allegedly leaking confidential information about a hospital redevelopment project to John Aquino, former president of Bondfield Construction. The Crown alleges Georgiou provided 'insider information' to Aquino, who ended up winning a $300-million contract. Georgiou denies wrongdoing, claiming he was merely confirming publicly available information.

Vas Georgiou, former chief administrative officer of Toronto’s St. Michael’s Hospital, walks into the Superior Court of Justice Courthouse, in Toronto, on Nov. 12.A Crown prosecutor accused the former chief administrative officer of Toronto’s St. Michael’s Hospital of providing “insider information” to the president of a construction company that went on to win a $300-million redevelopment contract.

The Crown’s case focuses on the men’s alleged undisclosed business connections, as well as their alleged secret communications throughout the bidding process for St. Michael’s, which Bondfield won in 2015. That introduction was to help Bondfield’s bid, Ms. Young said. Mr. Georgiou said he was helping Mr. Gray network and “foster a relationship” with Mr. Aquino. He said Mr. Gray already knew executives at other construction companies.

Mr. Georgiou previously testified that Mr. Aquino supplied him with the BlackBerry in August, 2013, to talk about Gervais, which was trying at the time to refinance its buildings.The procurement rules governing public-sector projects require companies bidding on contracts to communicate only with Infrastructure Ontario’s official contact person.

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Two men charged with fraud in St. Michael’s Hospital case had several business ties, trial hearsVas Georgiou and John Aquino had undisclosed business connections and secret discussions throughout construction bidding process, Crown alleges
Bron: globebusiness - 🏆 31. / 66 Lees verder »