94 comments,502 Facebook shares and thousands of visitors to the last blog post show that the interest in a public inquiry is there: https://lailayuile.com/2019/01/05/the-enemy-is-corruption-period/
The comments alone hit home with some highly knowledgeable and savvy readers sharing their relevent knowledge. There is a strong desire among many in law enforcement and justice to see this kind of inquiry that will firmly shine a light on the depth of corruption in BC…and not just in casinos.
So where are we now? Eby is once again disturbed to find out that the extent of money laundering is far higher than the German report estimated. What is he going to do about it, aside from being disturbed? Your guess is as good as mine.
I’ve got to say, I don’t put much stock into the German report for two reasons…and this is one: https://www.google.ca/amp/s/globalnews.ca/news/4391856/exclusive-peter-german-denies-conflict-in-b-c-casino-probe-despite-sitting-on-board-with-casino-executive/amp/
Critics have repeatedly pointed out that these two points alone mean the entire report was compromised and that the report may have minimized the role certain parties played in money laundering.
Certainly the report *and* German-who is an expert – vastly underestimated the amount of money being laundered…was anything else underestimated? And why was it underestimated? https://www.ctvnews.ca/mobile/canada/b-c-minister-fears-money-laundering-involves-billions-of-dollars-cites-reports-1.4258951
Eby and the BC government now appear to have been left completely out of the loop by the RCMP, and complicating things even more is the BC Liberals refusal to share their documentation on money laundering with Eby in a confidential manner. https://globalnews.ca/news/4447653/bc-liberals-wont-waive-cabinet-confidentiality-on-documents-related-to-money-laundering/
( This is where I should remind you of the investment tour presentation Mike DeJong flogged out of country during the height of the affordability crisis, and during the time when money laundering via real estate and casinos was first really becoming a hot issue again: https://lailayuile.com/2016/07/16/affordability-crisis-what-affordability-crisis-or-why-the-bc-government-stood-by-while-rome-burned/ )
There are still unanswered questions surrounding Rich Coleman and his disbanding of the gaming enforcement team I dissected here. The video is a *must watch*. Why did he disband this team AFTER they reported organized crime had infiltrated casinos? I don’t buy his answers here nor should you. https://www.google.ca/amp/s/lailayuile.com/2018/06/27/money-and-corruption-are-ruining-the-land-2/amp/
His closeness with individuals in the gaming industry has not gone unnoticed by some either…
Sigh…..all this and so much more, and yet still all talk and no action from Horgan or Eby on a long overdue, Charbonneau style public inquiry. Why is that?
Does it have to do with the fact that after decrying Clark’s move to issue Panda and Dim Sum bonds in China as potentially fueling the real estate frenzy here in BC, the new ndp government quickly got over those concerns and reissued a new round of bonds, in mainland China?
A bit more here from the China Daily :
This three-year Panda Bond, which matures in November 2020, is priced at a coupon rate of 4.8 percent. Bank of China and HSBC Holdings Ltd are the two joint-lead underwriters of the offering.
The bond has been almost twice-oversubscribed by both domestic and foreign investors, indicating market confidence in the province’s economy and the further internationalization of China’s bond market, the world’s third-largest, Jim Hopkins, assistant deputy minister of the British Columbia Provincial Treasury, Ministry of Finance in Canada, said on Thursday in Beijing.
Raising capital in the Chinese market helps to strengthen our international trade and financial profile,” said British Columbia Finance Minister Carole James.
Well ok then Carole. But I suspect it’s a now a big reason complicating why the current government won’t do anything that might rock that lucrative cash cow bond boat coming due November 2020…and a public inquiry will absolutely look at the flow of $$$ and drugs from China. I don’t think it’s the only reason but I do think it’s a influencing factor. I’ve been calling for a charbonneau type inquiry since 2010, and there was no help to be found in any elected politician. I seriously think they don’t want to start digging because of where it might lead and what it reveals.
So, we’ve gone full circle and once again let’s ask you…what’s scarier? The clear and overwhelming need for a corruption inquiry in BC…or the number of politicians who are so scared to call one?
Here is a link to find and call your mla. They log and document your calls. Please take a few minutes of your day and call to register your demand for a public inquiry. You cannot possibly endorse any other remedy, or this lawlessness will prevail.