RCMP have charged a Toronto man with a multimillion-dollar fraud involving hundreds of employment insurance claimants.

Karunathirajah Wilson Singarayar, 38, was charged with fraud, forgery, uttering forged documents and falsifying employment records, police said Friday.

"This is an ongoing investigation and we're anticipating further arrests," said Cpl. Cathie Glenn, a spokeswoman for the RCMP's "O" Division in Ontario.

She would not say exactly how much money is involved in the alleged fraud.

The case came to light last September, when a federal service agency found irregularities in some employment insurance records during a routine program review, the RCMP said in a news release.

Officials at Service Canada called in the RCMP and investigators eventually identified approximately 700 people in the Toronto area who received benefits "which could have resulted in a multi-million dollar fraud against the Government of Canada," the force said.

The fraud is alleged to have been conducted at two Toronto businesses owned by Wilson Singarayar-Saranka Tex, a gift and clothing company in North York, and Liansons, a computer service and repair business.

The RCMP's commercial crime section is working with Service Canada to track down the fraudulent claims and recover any wrongful payments.

Wilson is scheduled to appear at Toronto's Old City Hall Courthouse on April 1.