Police have announced no charges will be laid against John Tory's election team following bribery allegations cast by Toronto mayoral candidate John Nunziata.

York regional police concluded there was no evidence to support an offence under the Criminal Code or the Ontario Municipal Elections Act.

Nunziata alleged he was offered $100,000, then $150,000, from the Tory campaign team to help pay off his campaign expenses if he were to drop out of the race. He also claimed he was offered the position of deputy mayor.

John Tory

Under Ontario's Municipal Elections Act, it's forbidden to offer a candidate a job in return for dropping out. But the law says nothing about offering money. As well, the deputy mayor's position is not considered a job.

Police did not say if their was evidence to support Nunziata's claims.

"The fact is there were people with a lot of money that tried to influence the campaign using money. And that was clearly wrong," Nunizata said.

"This sideshow is over. It's over. The book is closed. I'm going back to talk about the real issues," Tory said.

According to recent polls, Tory, the former president and chief executive officer of Rogers Cable, is running a close second behind David Miller.

Polls show Nunziata trailing in fourth place.

Elected to Parliament in 1984, Nunziata earned a place alongside Sheila Copps, Don Boudria and Brian Tobin as a member of the Liberal party's opposition "Rat Pack."

In 1996, he left the Liberal caucus in rebellion against the fact Prime Minister Jean Chrétien reneged on his promise to repeal the GST. Nunziata was re-elected in 1997 as an independent.

He was defeated in his bid for re-election in 2000.