Ottawa ( CNN ) -- Montreal 's interim mayor , Michael Applebaum , was arrested and charged early Monday with 14 criminal counts including fraud , breach of trust and conspiracy . Quebec police said the charges involve at least two Montreal real estate transactions from 2006 to 2011 and hundreds of thousands of dollars traded hands . `` These allegations rest essentially on obtaining permission and political support on two real estate projects , '' said Capt . Andre Boulanger of the Surete du Quebec , the province 's police force . He would not confirm or deny if the charges involve bribes or ties to gangsters and organized crime . Applebaum took over the mayor 's job in November after Gerald Tremblay resigned amid corruption allegations . At the time , Applebaum vowed to `` end an era of sleaze '' at Montreal City Hall . From 2006 to 2011 , Applebaum served as the borough mayor of a large suburb of Montreal . During this time he also served on the city council . Commenting at a police news conference Monday , the head of Quebec 's anti-corruption squad , Cmdr . Robert LaFreniere , said , `` We can no longer tolerate these reprehensible acts committed towards the management of our public institutions . The values of ethics and integrity must remain at the heart of the actions taken by our elected officials . '' Officers said the investigation began in March after they received what they described as `` solid '' evidence from members of the public . Quebec police say the investigation continues and they are not ruling out more arrests . This is the most recent explosive allegation to rock the city of Montreal as the details of an insidious corruption scandal have been laid bare at a province-wide inquiry . Testimony at that inquiry has outlined widespread corruption allegations and close relationships between elected officials , city employees , contractors and even organized crime . Applebaum denies all charges .
Michael Applebaum faces 14 counts including fraud , breach of trust and conspiracy . The charges relate to two `` real estate projects , '' a police official says . He is accused of using his position as the CEO of an investment company called " New York City Housing Development Corporation (NYCDC) in order to obtain millions from investors who were not entitled to any