The Gold Coast Bulletin has today reported news of a multi-million dollar fraud at Gold Coast City Council which is under investigation.
The masthead says councillors have been updated on the matter, and an external review of council procedures is underway.
CEO Tim Baker has confirmed that Police are investigating an incident which resulted in a loss to the council of $2.78M.
He said while the details are confidential, the incident did not breach the council’s operating systems, and personal data has not been compromised.