Toronto Community Housing Corporation is offering a scant few details about why the agency has fired five managers.
President and CEO and Gene Jones told reporters Thursday he wanted to "clear the air and tell exactly what happened".
But Jones declined to answer many questions, citing ongoing investigations and the privacy of personnel issues.
The TCHC boss did reveal it was a whistleblower who brought problems with ex-subsidiary, Housing Services Inc to light earlier this year. HSI was absorbed by TCHC in 2012.
Jones says there were anomalies in property insurance claims filed by HSI. He wouldn't detail what the anomalies were, but said they could "potentially" be considered fraud. Gene underlined there's no evidence that staffers received kickbacks.
The revelations came Monday in an independent forensic audit.
The audit highlighted problems that spun out of a 2010 fire at TCHC's largest building, a high rise at 200 Wellesley St.
The Fire Marshal's office determined the blaze was started by a discarded cigarette that landed on a balcony filled with "excessively combustible materials".
Jones refused to comment on whether the problematic paperwork could put TCHC's insurance claim in jeopardy or how much taxpayers would then be on the hook for. He would only say the amount of money at play is "substantial".
Jones says he personally brought the audit results to the office of Toronto's Chief of Police on Thursday "to determine whether there are any matters worthy of further investigation".