Archive for October 8th, 2008
Shame on Liberals for blocking investigation

Cynthia Dunsford, Liberal MLA Stratford, one of the Liberals blocking investigation of Immigrant Scam by the Legislature Public Accounts Committee.
October 7, 2008
Liberal members of the PEI Legislature Public Accounts Committee tried to block the investigation of Immigrant Scam today. The Liberal administration scandal and alleged kickbacks to the Liberal Party could be $500 million making it the largest Canadian political scandal and fraud in history.
Immigrant files moved from office
by David MacDonald
david.macdonald@peicanada.com
Eastern Graphic October 8th, 2008
It may have appeared suspicious, but the moving of files relating to the provincial nominee program was nothing more than normal operating procedure, say government officials.
Last Friday, a substantial number of files connected to applicants who applied to the program were moved in an unmarked van from the PEI Business Development office in Charlottetown to a government-owned storage facility in the West Royalty Industrial Park.
Greed and entitlement ruin good men
The fees charged to both the investors and the immigrants in the PNP program amount to gouging, profiteering and possibly fraud. Some investors are paying 88% of the investment in fees.
I have personal experience raising private and public (stock market) money in amounts up to $5 million. I have never seen nor would I pay fees like these. With a simple request, lawyers will chop 25% of the fees right off the top since they are usually negotiable. Instead they are tripling their fees because the Liberal government made the rules. The PNP fees are like lambs being led to the slaughter.
Committee balks at investigating investor program
Last Updated: Wednesday, October 8, 2008 | 11:51 AM AT
CBC.ca
Opposition efforts to have the P.E.I. legislature’s public accounts committee investigate the Provincial Nominee Program are on hold while it asks the auditor general for permission.
‘The auditor general should be left to do his work.’
— MLA Janice Sherry
Child’s Play
Trying to explain Chinese investment to children
Provincial debt grows by over $1 million a week
Doug Gallant
The Guardian
Last updated at 12:36 AM on 08/10/08
Every second of every day Prince Edward Island’s debt rises by $2.
If you think that’s alarming do the math for a week. Figures provided by the Canadian Federation of Independent Business (CFIB) indicate the provincial government’s weekly debt totals $1,158,773.
Erin McGrath-Gaudet, CFIB’s policy analyst for P.E.I., says the provincial debt is a ticking time bomb.
MLA voices concern about involvement in PNP discussions
TERESA WRIGHT
The Guardian
Last updated at 12:36 AM on 08/10/08
Government MLA Pat Murphy, who has publicly admitted to receiving money for his business through the Provincial Nominee Program, wants the public accounts committee to decide whether he should refrain from discussion about the program in committee.
Murphy brought it up when the controversial program aimed at connecting immigrant money to P.E.I. businesses came up for debate during a meeting of public accounts Tuesday.
Investor program sparks hot debate
TERESA WRIGHT
The Guardian
Last updated at 12:36 AM on 08/10/08
The immigrant investment program that connected foreign money to Island businesses was once again a topic of heated debate at public accounts Tuesday as committee members argued whether they should investigate the program or leave it up to the auditor general.
Opposition members of the public accounts committee want the committee to probe the Provincial Nominee Program (PNP), but government MLAs remain hesitant, citing the audit currently underway by the Island’s auditor general.





