Thursday, October 21, 2010

Another Scandal at Public Works

Paul Dewar has uncovered evidence suggesting that when Michael Fortier was heading up public works, he may have interfered in a contract, enabling the bank he now works for, RBC, to profit from a contract.

Taxpayers were hosed 6 million dollars.

This is not the first time the sale of government buildings has hit the radar.
Research for the Public Service Alliance of Canada (PSAC) undertaken by the economic consulting firm Informetrica showed that the government significantly undervalued its assets, which in the end resulted in close to a $400 million windfall for Larco Investments – the company that won the bid to buy the buildings.
And we are now renting back some of the buildings we sold at a tidy profit to friends of the Conservative government.

Taxpayers hosed 400 million.

Quite a scheme.


  1. If ever a government deserved a no-confidence vote, this is that government. What are we waiting for? Christmas? Certainly was Christmas for Larco Investments, and for RBC, and heaven knows who-all.

  2. I heard that they wanted to wait until the municipal elections are over.