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Quebec construction magnate Tony Accurso leaves the Quebec Provincial Police headquarters after being arrested for charges of fraud in Montreal on April 17, 2012. Quebec construction magnate Tony Accurso has been arrested for the second time as police continue to crack down on alleged corruption in the industry.Paul Chiasson/The Canadian Press

Disgraced Quebec construction magnate Tony Accurso says he's leaving the business world.

Radio-Canada reports it received confirmation from Mr. Accurso today about his decision.

Mr. Accurso — a central figure in Quebec's ethics scandals — has headed a network of construction companies that have dominated the public-contract market in and around Montreal.

The entrepreneur was arrested twice in recent months and faces several charges including fraud, bribery and breach of trust.

Mr. Accurso's name also surfaced recently in testimony at Quebec's inquiry into corruption in the construction industry.

He has vigorously denied testimony he invited Mafia boss Vito Rizzuto to settle a dispute with another construction boss when that rival wanted to compete with him for a public contract.

Earlier this month, investigators with Quebec's tax agency executed search warrants at offices linked to Mr. Accurso.

His companies have been involved in a number of federal projects.

A Canadian Press report revealed they received millions from Ottawa's economic stimulus program for water infrastructure work in Quebec.