The third suspect involved in a fraud scheme orchestrated at the Lester-B.-Pearson School Board (LBPSB), Naveen Kolan, surrendered to the police on Tuesday.
The Ontario businessman at the head of the consulting firm Edu Edge, which recruited foreign students, mainly Indians, had been the subject of an arrest warrant since November.
He faces eight charges, including fraud, breach of trust, production and use of false documents, reports the Permanent Anti-Corruption Unit (UPAC).
Following his arrest, he was released on a promise to appear at the Montreal courthouse on January 20, along with the two co-accused, Caroline Mastantuono, who was director of the international department of the LBPSB at the time of the facts, and his daughter, Christina Mastantuono.
The trio would have developed a scheme “which will have caused a risk of financial damage to the LBPSB”, had indicated the UPAC during the arrest of the two former employees of the school board.
The alleged fraud allegedly took place between 2014 and 2016. The investigation was initiated after the LBPSB discovered irregularities which were immediately reported to the Ministry of Education and UPAC.
A complete restructuring of the department has since been carried out, according to a brief statement from the LBPSB dating this fall.
The fraud is estimated to be around $ 1.4 million.