Prime Minister Jean Chrétien's involvement with the BDC's $615,000 loan: Part 1: Chretien's interest for his friends? For his golf course? For creating jobs?

Prime Minister Jean Chrétien's involvement with the BDC's $615,000 loan:
Part 1: Chretien's interest for his friends? For his golf course? For creating jobs?

Nipawin - December 7, 2000 - by: Mario deSantis

Beaudoin
filed a
lawsuit
Mr. Chrétien called three times Mr. François Beaudoin, president of the Business development

Bank of Canada (BDC), he mobilized his assistants to attend after Mr. Duhaime's needs and

as a consequence the BDC bank approved a loan for $650,000⁽¹⁾. Mr. Chrétien kept the secret

of his phone calls to Mr. Beaudoin till November 2000, when Mr. Beaudoin filed a lawsuit for

wrongful dismissal against the BDC bank.

crown corporation
In his statement of claims filed November 3, 2000, Mr. Beaudoin states that he was

constructively dismissed and that this occurred when he repetitively suggested to foreclose

Mr. Duhaime's loan on account of missed payments. This is a very important political

interference in the running of a crown corporation, and it affects the integral administration

of our institutions.

malicious wrongs
The importance of this lawsuit goes beyond the private interest, and I just hope that Mr.

Beaudoin will proceed going to court and have a judicial decision which proves the

persistent malicious wrongs of Chrétien's government.

Chrétien's behaviour
Anyhow, Mr. Duhaime got his loan and proceeded with the expansion project for his hotel.

As we follow some events characterizing Mr. Chretien's involvement in the Grand Mere's

affair, let us keep asking the question: Was Chrétien interested in the welfare of his loyal

friends? Or maybe he was interested in the greener amenities of his golf course? Or maybe

he was interested in creating jobs for his electoral riding? Your common sense will provide

an answer, and as you repeat this question and as you share your answers, the closer you

will get to the truth characterizing Mr. Chrétien's behaviour. The events outlined below have

retained, as much as possible, the same English construct as per the original references.

Chrétien's
golf course
The Grand-Mère Inn's expansion, and the financing partners

One source has stated that Chrétien was very interested in the financing of the

Grand-Mère Inn's expansion. In particular, this expansion had an immediate

financial reflection on the value of Mr. Chrétien's golf course which was adjacent

to the hotel.

scaled
down

In the first phone call of April 12, 1996 to François Beaudoin, then president of

the federally owned Business Development Bank of Canada (BDC), Mr.

Chrétien mentions a $2-million loan for the expansion of the hotel. However, in

his first loan application to the BDC, Mr. Duhaime submitted a $3.5-million

expansion project; later the expansion project was scaled down to $1.5-million,

and eventually in early 1996 he got a $650,000 loan from BDC.

Other
financing agencies

Other financing agencies for the Grand-Mère Inn's expansion project, known to

both Mr. Duhaime and Mr. Chrétien were: the Quebec Federation of Labour

Solidarity Fund, the local caisse populaire and the Groupe Forces, an economic

development agency.

fifth
partner

It is interesting to notice that in November 2000, while Mr. Duhaime confirmed

that there was a fifth financing partner, Mr. Chrétien had denied the participation

of a fifth financing partner. Mr. Duhaime has not disclosed yet the name of the

fifth partner and Mr. Chrétien has not confirmed the participation of the fifth

financing partner.

In the next related articles we will cover a web of relationships connected with the Grand-Mère's

business and political environment.

-----------References/endnotes:

List of relevant political and economics articles http://www.ftlcomm.com/ensign

The author can provide specific references of the cited events in the Grand-Mère affair. He also acknowledges the following news organizations: National Post, Canadian Internet Network, The Ottawa Citizen, The Globe and Mail, Canadian Press. The author read articles written by Robert Fife, Andrew McIntosh, Joël-Denis Bellavance, Peter Shawn Taylor, Andrew Coyne, Gordon Gibson, and Diane Francis of the National Post; Paul Adams and Daniel LeBlanc of The Globe and Mail; Lawrence Martin and Kate Jaimet of The Ottawa Citizen.

1.
-
Prime Minister Jean Chrétien's involvement with the BDC's $615,000 loan: The granting of the BDC's loan to Yvon Duhaime, by Mario deSantis, December 5, 2000

Prime Minister Jean Chrétien's involvement with the BDC's $615,000 loan: Part 1: Chretien's interest for his friends? For his golf course? For creating jobs?

Nipawin - December 7, 2000 - by: Mario deSantis

Beaudoin filed a lawsuit	Mr. Chrétien called three times Mr. François Beaudoin, president of the Business development
	Bank of Canada (BDC), he mobilized his assistants to attend after Mr. Duhaime's needs and
	as a consequence the BDC bank approved a loan for $650,000⁽¹⁾. Mr. Chrétien kept the secret
	of his phone calls to Mr. Beaudoin till November 2000, when Mr. Beaudoin filed a lawsuit for
	wrongful dismissal against the BDC bank.

crown corporation	In his statement of claims filed November 3, 2000, Mr. Beaudoin states that he was
	constructively dismissed and that this occurred when he repetitively suggested to foreclose
	Mr. Duhaime's loan on account of missed payments. This is a very important political
	interference in the running of a crown corporation, and it affects the integral administration
	of our institutions.

malicious wrongs	The importance of this lawsuit goes beyond the private interest, and I just hope that Mr.
	Beaudoin will proceed going to court and have a judicial decision which proves the
	persistent malicious wrongs of Chrétien's government.

Chrétien's behaviour	Anyhow, Mr. Duhaime got his loan and proceeded with the expansion project for his hotel.
	As we follow some events characterizing Mr. Chretien's involvement in the Grand Mere's
	affair, let us keep asking the question: Was Chrétien interested in the welfare of his loyal
	friends? Or maybe he was interested in the greener amenities of his golf course? Or maybe
	he was interested in creating jobs for his electoral riding? Your common sense will provide
	an answer, and as you repeat this question and as you share your answers, the closer you
	will get to the truth characterizing Mr. Chrétien's behaviour. The events outlined below have
	retained, as much as possible, the same English construct as per the original references.

Chrétien's golf course	The Grand-Mère Inn's expansion, and the financing partners
	One source has stated that Chrétien was very interested in the financing of the
	Grand-Mère Inn's expansion. In particular, this expansion had an immediate
	financial reflection on the value of Mr. Chrétien's golf course which was adjacent
	to the hotel.

scaled down	In the first phone call of April 12, 1996 to François Beaudoin, then president of
	the federally owned Business Development Bank of Canada (BDC), Mr.
	Chrétien mentions a $2-million loan for the expansion of the hotel. However, in
	his first loan application to the BDC, Mr. Duhaime submitted a $3.5-million
	expansion project; later the expansion project was scaled down to $1.5-million,
	and eventually in early 1996 he got a $650,000 loan from BDC.

Other financing agencies	Other financing agencies for the Grand-Mère Inn's expansion project, known to
	both Mr. Duhaime and Mr. Chrétien were: the Quebec Federation of Labour
	Solidarity Fund, the local caisse populaire and the Groupe Forces, an economic
	development agency.

fifth partner	It is interesting to notice that in November 2000, while Mr. Duhaime confirmed
	that there was a fifth financing partner, Mr. Chrétien had denied the participation
	of a fifth financing partner. Mr. Duhaime has not disclosed yet the name of the
	fifth partner and Mr. Chrétien has not confirmed the participation of the fifth
	financing partner.

	In the next related articles we will cover a web of relationships connected with the Grand-Mère's
	business and political environment.

-----------References/endnotes:

	List of relevant political and economics articles http://www.ftlcomm.com/ensign

	The author can provide specific references of the cited events in the Grand-Mère affair. He also acknowledges the following news organizations: National Post, Canadian Internet Network, The Ottawa Citizen, The Globe and Mail, Canadian Press. The author read articles written by Robert Fife, Andrew McIntosh, Joël-Denis Bellavance, Peter Shawn Taylor, Andrew Coyne, Gordon Gibson, and Diane Francis of the National Post; Paul Adams and Daniel LeBlanc of The Globe and Mail; Lawrence Martin and Kate Jaimet of The Ottawa Citizen.

1. -	Prime Minister Jean Chrétien's involvement with the BDC's $615,000 loan: The granting of the BDC's loan to Yvon Duhaime, by Mario deSantis, December 5, 2000