Vol 16 - Issue 46
After much campaign rhetoric, NDP gov’t will continue to build Site C dam
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DP gov’t will continue building the Site C dam, choosing to finish the contentious project started by the previous Liberal government rather than pull the plug during midconstruction. Premier John Horgan made the announcement in the legislature’s library Monday, the same location almost three years earlier that Liberal premier Christy Clark first announced the province would proceed with the $8.9-billion dam. At the same time, Horgan revealed the estimated cost of Site C would increase by $1.657 billion, because several contracts are already over budget and more financial risks face the dam in the future. The new project cost is now estimated at $10.7 billion, factoring in an increased risk contingency fund. “I know many of us would wish the circumstances were different but I and my colleagues have to accept the situation as we find it, not how we wish it would be,” Horgan said, while admitting many of his friends and family members will be deeply disappointed with his decision. “At the end of the day we’ve come to the conclusion although Site C is not the project we would have favoured or started, it must be completed to meet the
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Saturday, December 16, 2017
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“Red flags” that BC real estate purchases are used to launder illegal money - Attorney General Eby By Umendra Singh
BC Attorney General David Eby said while there may not be a “smoking gun” of money being laundered by purchasing of real estate in Metro Vancouver but there are definitely lots of “red flags.” Eby spoke exclusively to The Asian Star on Thursday after Premier Horgan, answering a question from The AsianStar last week said that his government was very concerned that money was being laundered through purchase of residential real estate. Eby said one of the bigger red flags was in the BC’s land title registry system because it is really difficult to determine who actually
owns a property and who actually purchased a property. The transactions are usually done by a lawyer with a lawyer’s name and address available but “no one knows who owns the property or who purchased it.” There are also other major issues. Eby said that Transparency International looked at Vancouver’s 100 most expensive properties last year and they could not determine who are the owners of 46 of those properties because ownership is hidden behind numbered companies and offshore trust funds used to buy the properties.
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NDP has dismal showing under Jagmeet Singh
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ederal NDP received a punch in the gut on last Monday’s for by-elections in Canada, including one in South Surrey. In all four, NDP’s vote share fell by more than 50% compare to votes in the last Federal elections. New NDP leader Jagmeet Singh did not do much to help his party and ended up campaiging in a wrong constituency in Ontario, showing his inexperience or lack of leadership. But Jagmeet Singh
not ‘discouraged’ by poor byelection results and Singh says he didn’t expect to “turn the ship around” in two months as NDP leader. Singh says his party’s dismal showing in four recent byelections only encourages him to work harder. Singh isn’t reading too much into his party’s dismal showing in a series of recent byelections, insisting he’s playing a long game as he works to shore up support across Continued on page 7
High-profile Liberal donor swindled millions in immigration scheme When customers demanded refund, Oei sent them pictures of PM Trudeau hugging him A prominent BC Liberal donor and fundraiser, Paul Oei, defrauded investors of about $5 million in an immigration scheme, a BC Securities Commission panel has ruled. Testimony from Chinese investors that alleged Oei promoted his connections with top Canadian politicians, including then B.C. premier Christy Clark and Prime Minister Justin Trudeau. In the case, Oei was accused of bilking investors of $6.9 million in an immigration-investment scam surrounding
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