Industry Canada scandal coming soon

[Canuck E Stan]

Indusrty Canada in Major Trouble

A massive audit into a federal technology fund is expanding as independent investigators uncover new problems in companies receiving almost $500 million from Industry Canada.

So far, the firm currently conducting the audits on a $578,000 contract - Raymond Chabot Grant Thornton Consulting Inc. - has identified a group of "non-compliant" companies, some of which have been referred to federal solicitors for a legal opinion.

But the precise numbers and other key information has been deleted from documents released to The Canadian Press under the Access to Information Act.

Emerson acknowledged in June there would likely be other firms caught paying forbidden commissions.

The fund has been dogged by controversy since its founding in 1996 to promote innovation in aerospace, automotive, defence and high-tech companies.

The government has contended that the seed money it provides will be fully paid back in royalties, but as of January only $95 million of the $2 billion paid out had been returned.

This scandal will make Adscam seem like child's play. We've got illegal commissions being paid,companies that get money from the government without any type of return.With only $95 million of the $2 billion paid out had been returned plus nformation is being deleted from the Access of Information Act about the mess.

. Let's see how the public will accept this scandal.

[August1991]

Canuck,

Any ambitious journalist with some free time could go through the following Public Works Canada list and find ample starting points for good investigative pieces. I'll bet that many of the lines in that document (name and sum) are badly audited to start with. (The recipient got the money but submitted a cursory, bureaucratic report. With a bit of digging, I'm sure the money was often spent otherwise.)

But sometimes, the money gets spent for the true intention. If you do a search in that pdf file for "Schreyer", you'll find:

The Right Honourable E Schreyer Winnipeg Man

Le très honorable E Schreyer Winnipeg Man

112,104

The Right Honourable R LeBlanc Shediac NB

Le très honorable R LeBlanc Shediac N-B

112,104

Our current GG, and our new one, once retired, will receive $112,104 every year for life (corrected for inflation). In fact, our new about-to-be GG only has to be sworn in and the lifetime pension is hers. She could be GG for all of five seconds and she'd get it. Check this out.

People like this used to be called remittance men, but long ago, in feudal times, they were called courtiers. Now, the word courtier implies a syncophant - but in the past, it was someone who sought a regular payment, a rent, from the court. They were rentiers, or courtiers.

Canada's political system works by a system of courtiers, rentiers.

In this, modern Canada is a feudal country.

[cybercoma]

I think I'm going to be sick.

I just realized life's purpose is to break your back working, only to give all of your money to someone else.

[Bakunin]

You know where they should be digging ? the gun control program. I remember at the gomery comission one of the company saying he was part of the gun control program and was going to lose the contract so he put presure to at least finish what he started. We never knew why he was going to lose the contract, we never knew what he was doing in that program. Was it another way to get money from the government to give to the liberals friends and party :/ who knows...

[cybercoma]

You know where they should be digging ? the gun control program. I remember at the gomery comission one of the company saying he was part of the gun control program and was going to lose the contract so he put presure to at least finish what he started. We never knew why he was going to lose the contract, we never knew what he was doing in that program. Was it another way to get money from the government to give to the liberals friends and party :/ who knows...

<{POST_SNAPBACK}>

I mean seriously, do we even have to ask? Isn't it glaringly obvious that money has been mismanaged and stolen from the public for the last decade?

[Riverwind]

I mean seriously, do we even have to ask?  Isn't it glaringly obvious that money has been mismanaged and stolen from the public for the last decade?

Same thing happened after Mulroney. Same thing would happen under Harper. Ensuring that bureaucracies work efficiently and free of abuse is extremely difficult to do. Argus has talked about the ridulous red tape that gov't workers now have to deal with as a result of the sponsership scandal and how the red tape ends up costing taxpayers even more money.

[Canuck E Stan]

Widening audit of tech fund fingers as many as 15 companies: Industry Canada

Another seven companies are under suspicion but more investigation is needed before deciding whether to take action, said Industry Minister David Emerson.

This week, Emerson said he was replacing Technology Partnerships Canada with a new program beginning on April 1 next year. The Transformative Technologies Program, to be overseen by an expert panel of business people, is being billed as more transparent and accountable.

Seems Emerson has already figued out what action to take......starting on April Fool's Day...probably sometime after the next election.

[fellowtraveller]

Same thing happened after Mulroney. Same thing would happen under Harper

Wholesale baloney and speculation.

Do you look at every baby and see a future serial killer?