The City of Toronto is trying to find out how much it was overcharged by a general contractor working on several multi-million dollar projects, a confidential document obtained by CBC Toronto shows.
The city has hired KPMG’s forensic accounting unit to look into the matter, which could cost taxpayers up to $120,000, according to a March 6 letter from KPMG to the city, also obtained by CBC Toronto.
For now, neither the city nor the contractor – Duron Ontario Ltd. – has filed a lawsuit in connection with the matter, according to the document. However, the city’s legal team is part of an investigation, the document shows.
In a statement issued Monday, a spokesperson said, “The City takes any potential instance of the misuse of funds very seriously.”