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. 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. Therefore, 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. 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 these questions 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.
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. 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 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. 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
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 |