In response to a damning report released today by the Inspector General, the Board of Estimates appears prepared to terminate its master lease contracts with Grant Capital Management – and perhaps ban its owner, J.P. Grant, from future business with the city.

In further fallout from the report, The Brew learned that Stephen M. Kraus was fired yesterday as Baltimore’s deputy director of finance for allegedly providing confidential information to Grant.

While not identified by name, Kraus “lacked candor” during two interviews with the IG and stated that he “hadn’t really dealt with” Grant since 2014, when, in fact, he had been exchanging text messages with the financier until a few months ago.

READ FULL ARTICLE HERE