Thirty-one parties are claiming about $1.86 million from the University of Ottawa’s former student union, but its court-appointed receiver PwC estimates the total value of valid claims will be less than $1 million. The creditors range from student organizations and former employees to a landlord and a union, court documents show.
PricewaterhouseCoopers, the court-appointed receiver of the now-defunct undergraduate student union, is launching a claims process with a bar date of Oct. 11.
A forensic report from PwC says the fraud allegations levelled against three SFUO executives were not factual.
In a document recently obtained by the Fulcrum, the University of Ottawa administration has said that they expect the resignation of all SFUO members involved in the recent fraud allegations until the completion of a forensic audit.
The SFUO held their monthly Board of Administration meeting to discuss the ratification of the constitutional committee’s choice of forensic auditor, a letter received from former SFUO president, Hadi Wess, and the announcement of an executive’s resignation.
