In Case You Missed It: Private firms got public money, Ornge audit findsPublished on May 15, 2018
Ontario's auditor-general found that one of Ornge's for-profit subsidiaries bought a building for $15-million, then leased it back to the publicly funded agency at a rate that was 40 per cent higher than fair-market rent.
That allowed the subsidiary to obtain $24-million in financing for the building, $9-million of which was intended to flow back to a related for-profit company that was owned by a senior Ornge manager.
Article originally published: 2013-05-08
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