Quebec police issued arrest warrants alleging a $120-million fraud linked to defunct children’s animation company Cinar. 

Co-founder and former head of the company, Ronald Weinberg, is wanted for fraudulently investing company funds for personal profit. Police are also looking for two executives from scandal-ridden Montreal investment firms connected to the fraud. Police arrested Ex-Cinar chief financial officer Hasanain Panju Wednesday. 

The four men face a total of 36 counts of fraud.

Police have been investigating the scandal-ridden television production company for nearly a decade.

Read by Sarah Deshaies

Produced by Nikita Smith

Stories by Sarah Deshaies, Michael Moore, Alina Gotcherian, and Nikita Smith

Elvis Presley will be named a posthumous honary citizen of Budapest.

Mayor of Hungary's capital, Istvan Tarlos announced Wednesday that Elvis will be commemorated because of his support to HUngary during the country's brief anti-Soviet revolution in 1956.

A city landmark will also be named after him. Visitor's to the city's website can choose from 12 locations to be renamed after the King, which include street crossings, a small square, and a site at the foot of the Margaret Bridge, which covers the Danube River.

Premier Jean Charest said on Tuesday that he is happy to no longer be the target of a countersuit. The premier and his former justice minister, Marc Bellemare, announced Monday that they have dropped their lawsuits against one another.