TORONTO - The Toronto Transit Commission is suing Manulife Financial for alleged negligence in connection with a benefits fraud scheme that first came to light three years ago.
To date, 170 TTC employees have been dismissed or have resigned or retired to avoid dismissal, and 10 former employees are facing criminal charges for their part in the alleged fraud.
In a statement of claim -- filed in the Ontario Superior Court of Justice -- the TTC alleges Manulife Financial did not have appropriate fraud management controls in place nor were there systems in place to detect and analyze unusual trends or patterns that might indicate fraud or abuse.
It maintains that Manulife breached its duties of care, which contributed to losses suffered by the TTC.
The TTC says it is seeking up to $5 million in reimbursement and damages.
The allegations in the statement of claim have not been proven in court.
Let's block ads! (Why?)
Bagikan Berita Ini
Related Posts :
Bitcoin ... the way to the future or path to financial ruin?Bitcoin, hailed in some quarters as the future of currency, is having a rough week, with a flurry of… Read More...
Strong market means little uptake yet in gov't softwood aid, minister saysOTTAWA -- Natural Resources Minister Jim Carr says forest producers in Canada have so far been large… Read More...
Harvey sends U.S. industrial production down most in 8 years
Christopher Rugaber, The Associated Press</span>
Published Friday, September 15, 2017 9:44AM … Read More...
Canadian Human Rights Tribunal to revisit Air Canada retirement age issue
Michelle McQuigge, The Canadian Press</span>
Published Friday, September 15, 2017 3:08PM EDT
… Read More...
Household debt-to-disposable income ratio climbs higher in 2nd quarterOTTAWA - Statistics Canada says the amount Canadians owe compared with their disposable income climb… Read More...
0 Response to "TTC suing Manulife for alleged negligence related to benefits fraud scheme"
Post a Comment