Ryerson Students' Union Under Pressure to Explain 'Baffling' $250K Credit Card Bill
The heads of the Ryerson Students' Union have been given one week to explain approximately $250,000 in credit card spending, which includes numerous questionable expenditures.
The charges and photos of the credit card statements were first reported by The Eyeopener, Ryerson University's student newspaper.
The credit card statement, which is addressed to student union president Ram Ganesh, includes purchases at LCBO locations, a shisha lounge and a credit risk company in Stratford, Ont.
'The whole thing is just incredibly sad," said student groups director Maklane deWever, who claims to have seen the credit card bill after months of badgering the union to divulge its financial statements.
CBC Toronto has not seen the statement.
The expenditures allegedly date back to May 2018, when Ganesh began his term as president.
Ganesh and vice president Savreen Gosal soon took over the student union's credit card and began using it themselves, according to reporting by The Eyeopener.
"The executives shouldn't be able to have their own credit card; all of the purchases should need to be approved," said news editor Sherina Harris.
The financial statements must now be reconciled by Feb. 1, according to a deadline handed down by the union's financial controller. Ganesh agreed to the date during a union meeting on Thursday evening.
"We're going to meet our deadline of Feb. 1 to hand in our reconciliations to give the students a more wholesome picture of the current financial standings," he said, according to reporting by The Eyeopener.
Ganesh and the members of the student union executive did not respond to calls or emails from CBC Toronto.
Union spent money at LCBO, Casino Rama
While the credit card purchases have not been proven to be illegitimate, union members and school reporters say there have been a number of concerning developments since the current leadership group took office.
Ganesh fired the union's former general manager, The Eyeopener has reported, which allowed him and Gosal to take control of the credit card account.
The union went on to use the card for purchases at an LCBO and the Casino Rama restaurant in Orillia, Ont., which appeared on the statement just days after the board held a private meeting in the town.
"It's things like that that kind of made us question, are these purchases going towards students or are they just for the board members?" said Harris.