Possible fraud at York University

York University announced Thursday that there is an investigation underway that is probing potential fraud that may have occurred at the university between 2007 and early 2010.

York hired forensic accounting firm Navigant in 2009.  "At the end of May 2011, York received Navigant’s report, which outlined a number of irregularities," York said in a statement. "The University immediately handed over the relevant materials to the Toronto Police Service."

"York will not comment on any specifics regarding this case," they added.