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IN THE HOUSE – ‘Will he table documents on due diligence around the ownership of Anbang Insurance?’

Navdeep Bains. (liberal.ca photo)

Question Period — Kamloops-Thompson-Cariboo MP Cathy McLeod and other Conservatives have been relentless this week in demanding answers from the government on the sale of Retirement Concepts seniors facilities. Here’s an exchange from Wednesday, March 8, 2017:

Cathy McLeod Kamloops—Thompson—Cariboo, BC

Mr. Speaker, after discussing the deal at a cash for access fundraiser, the Prime Minister agreed to sell B.C. care facilities to a Chinese company with questionable ownership. Yesterday, a Chinese-language media asked if our concern was about state-owned enterprises, to which we responded that we did not know to whom he sold these homes. Is it Chinese billionaires? Is it the Chinese government. Is it simply a friend?

Therefore, again, whatever the answer is, it is unacceptable that the Prime Minister is not sharing it with Canadians. Who owns their homes?

Navdeep Bains Minister of Innovation

Mr. Speaker, I am surprised again why the Conservative Party, and particularly that member, is opposing global investment into Canada. We understand that we want investments into Canada to grow the economy, to create opportunities for Canadians, and to create jobs.

This investment and this transaction was following the Investment Canada Act. We did our due diligence. We followed the process and we determined it was an overall net economic benefit. That is the decision we made, and that is why the British Columbia government and the health minister also provided the operating licences for these retirement care facilities, which are managed and operated by Canadians for Canadians.

Cathy McLeod Kamloops—Thompson—Cariboo, BC

Mr. Speaker, seniors in my riding are writing and phoning my office every day. They simply want to know who is responsible for these facilities. If families and patients have complaints, they are lost in an accountability fog. Either the government does not know the answer, or it knows the answer and it is not willing to tell us.

If he will not stand in the House and tell us who owns the homes, will he table the documents that were done with respect to that due diligence around the ownership of Anbang Insurance?

Navdeep Bains Minister of Innovation

Mr. Speaker, we have been very clear that we follow the process. We do our due diligence. Under the Investment Canada Act, there are clear criteria to determine that any transaction has to be of an overall net economic benefit for us to proceed. We made that determination based on the facts. The facts are that this transaction will provide additional resources to Retirement Concepts so it can expand and provide better services to seniors, so it can expand and create more jobs. This is good for the health care sector. This is good for the economy. This is good for British Columbia.

Source: openparliament.ca

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About Mel Rothenburger (4424 Articles)
ArmchairMayor.ca is a forum about Kamloops and the world. It has more than one million views. Mel Rothenburger is the former Editor of The Daily News in Kamloops, B.C. (retiring in 2012), and past mayor of Kamloops (1999-2005). At ArmchairMayor.ca he is the publisher, editor, news editor, city editor, reporter, webmaster, and just about anything else you can think of. He is grateful for the contributions of several local columnists. This blog doesn't require a subscription but gratefully accepts donations to help defray costs.

1 Comment on IN THE HOUSE – ‘Will he table documents on due diligence around the ownership of Anbang Insurance?’

  1. “This is good for the health care sector. This is good for the economy. This is good for British Columbia.”

    Ummm, yeah. And if it’s so good for us, why aren’t we privy to the most basic of details, like ‘who actually owns’? If the question can’t be answered, that should tell us there’s something wrong with the situation, or something that needs to remain hidden.

    A politician who can’t answer a question with a useful and truthful answer should automatically be fired. Of course, that would mean 99% of them would be canned in a matter of hours or days…

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