Nathan White Telegraph-Journal Published Saturday May 12th, 2007 Appeared on page A1 Members of the Caisse Populaire de Shippagan were kept in the dark about an ongoing major dispute with its regulator and were told all was well despite escalating financial problems, court documents allege.
The regulator responsible for overseeing the caisse has filed a lawsuit in the Court of Queen's Bench seeking special damages of more than $60 million for losses at the caisse and costs incurred to rehabilitate it. It names general manager Bélonie Mallet, his son Pierre Ulysse Mallet, who was assistant general manager, and 13 former and current board members as defendants, as well as the caisse itself.
The statement, which has not been proven in court, claims the board and management breached their fiduciary duty and contributed to losses at the caisse. Meanwhile, they approved millions of dollars in dividends that benefited them and their families, spent $8 million on an extravagant new building and hid the caisse's true financial position from members, the document alleges.
The RCMP will examine millions of dollars worth of questionable winnings by lottery retailers after an independent investigation revealed gaping holes in how the Atlantic Lottery Corp. protects its customers from dishonest sellers.
In the latest blow to Canada's embattled lottery business, a forensic accounting team found what the Crown-owned agency described as "unethical" and "suspicious" dealings between some retailers and purchasers in Atlantic Canada.
Larry Doherty, a vice-president at the agency, stopped short of suggesting fraud had occurred, but he confirmed the KPMG Forensic Inc. study found retailers had pocketed 85 winning tickets - each worth more than $25,000 - for a total take of $14 million.
The biggest cash prize under scrutiny is a $4.5-million jackpot, picked up by a retailer in Nova Scotia last year. The corporation declined to release further details.
An RCMP tribunal has issued a damning indictment of the oppressive harassment a veteran New Brunswick officer endured for four years at the hands of two high-ranking J Division officers.
The three-person board exonerated the 25-year veteran, Staff Sgt. Ken Smith, of code of conduct charges in early April. No real details emerged in a verbal ruling given in Fredericton.
But the just-released 41-page decision details abusive and suspicious supervision so reprehensible that to have continued proceedings against Smith would "offend society's sense of justice," said the board.
It found an "absence of good faith" and examples of interference, conflict of interest and harassment on the part of Superintendent Louis Lefebvre, who had already been reprimanded.
The other senior officer who conspired with Lefebvre against Smith was Chief Superintendent James Payne, who was also reprimanded.
In total, "the oppressive conduct is significant," ruled the board.
"Thanks be to God somebody else has finally believed me," said Smith, who just got the ruling this week.
1 comment:
Watching the wrong man,eh?
Nathan White
Telegraph-Journal
Published Saturday May 12th, 2007
Appeared on page A1
Members of the Caisse Populaire de Shippagan were kept in the dark about an ongoing major dispute with its regulator and were told all was well despite escalating financial problems, court documents allege.
The regulator responsible for overseeing the caisse has filed a lawsuit in the Court of Queen's Bench seeking special damages of more than $60 million for losses at the caisse and costs incurred to rehabilitate it. It names general manager Bélonie Mallet, his son Pierre Ulysse Mallet, who was assistant general manager, and 13 former and current board members as defendants, as well as the caisse itself.
The statement, which has not been proven in court, claims the board and management breached their fiduciary duty and contributed to losses at the caisse. Meanwhile, they approved millions of dollars in dividends that benefited them and their families, spent $8 million on an extravagant new building and hid the caisse's true financial position from members, the document alleges.
The RCMP will examine millions of dollars worth of questionable winnings by lottery retailers after an independent investigation revealed gaping holes in how the Atlantic Lottery Corp. protects its customers from dishonest sellers.
In the latest blow to Canada's embattled lottery business, a forensic accounting team found what the Crown-owned agency described as "unethical" and "suspicious" dealings between some retailers and purchasers in Atlantic Canada.
Larry Doherty, a vice-president at the agency, stopped short of suggesting fraud had occurred, but he confirmed the KPMG Forensic Inc. study found retailers had pocketed 85 winning tickets - each worth more than $25,000 - for a total take of $14 million.
The biggest cash prize under scrutiny is a $4.5-million jackpot, picked up by a retailer in Nova Scotia last year. The corporation declined to release further details.
An RCMP tribunal has issued a damning indictment of the oppressive harassment a veteran New Brunswick officer endured for four years at the hands of two high-ranking J Division officers.
The three-person board exonerated the 25-year veteran, Staff Sgt. Ken Smith, of code of conduct charges in early April. No real details emerged in a verbal ruling given in Fredericton.
But the just-released 41-page decision details abusive and suspicious supervision so reprehensible that to have continued proceedings against Smith would "offend society's sense of justice," said the board.
It found an "absence of good faith" and examples of interference, conflict of interest and harassment on the part of Superintendent Louis Lefebvre, who had already been reprimanded.
The other senior officer who conspired with Lefebvre against Smith was Chief Superintendent James Payne, who was also reprimanded.
In total, "the oppressive conduct is significant," ruled the board.
"Thanks be to God somebody else has finally believed me," said Smith, who just got the ruling this week.
Post a Comment