Story perspectives
St. Michael's Redevelopment Delayed Amid Fraud Convictions
10/9/2025
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Story summary
- The St. Michael's Hospital redevelopment in Toronto now targets completion in 2026, seven years after the 2019 target.
- Vas Georgiou and John Aquino were convicted of fraud after a four-year investigation, with secret communications and undisclosed bidding ties.
- Zurich Insurance Co. Ltd. is suing Georgiou, Aquino, and Unity Health over bonds, and a judge warns corruption could deter future bidders.
