1. News
  2. Sask. Party blocks attempts to get answers on $16 million loss from public purse

Sask. Party blocks attempts to get answers on $16 million loss from public purse

On Wednesday morning the Sask. Party government shut down a motion that would have compelled the manager of two government investment funds to explain a $16.4 million combined loss.

At this morning's meeting of the Standing Committee on Crown and Central Agencies, Sask. Party government members voted down a motion from NDP Central Services Critic Cathy Sproule to question Grant Kook about the losses racked up by the First Nations and Metis Fund (FNMF) and Saskatchewan Immigrant Investor Fund (SIIF), both of which were bankrolled with public money.

Today’s move echoes previous Sask. Party manoeuvres to block testimony from Laurie Pushor and Bill Boyd when the GTH land scandal was before the committee.  

Westcap Management was paid $10.7 million to manage two investment funds for government. The $16.4 million loss raises serious questions about the investment strategy.

“These public funds can and should serve as important community development tools, but the losses piling up under the management of a well-connected Sask. Party insider raise very serious questions the CEO should be made available to answer,” said Sproule.

“Mr. Kook is managing public dollars on behalf of Saskatchewan people, and we deserve answers on what happened to our money. Yet again this government is letting Saskatchewan people down by blocking transparency and accountability.”

Latest posts

STATEMENT FROM SASKATCHEWAN NDP MENTAL HEALTH & ADDICTIONS SHADOW MINISTER BETTY NIPPI-ALBRIGHT ON FENTANYL IN PRINCE ALBERT

We’ve already seen the havoc a bad batch of drugs has wreaked in Saskatoon, leading to hundreds of overdoses – and those are just the ones we know of – and likely causing many deaths. 

SASKATCHEWAN NDP TO INTRODUCE EMERGENCY MOTION CONDEMNING TRUMP THREATS TO CANADIAN SOVEREIGNTY

Sask. Party Has Refused to Call Legislature Back Early Despite Devastating Trade War 

REGINA – The Saskatchewan NDP will introduce an emergency motion in the Legislature this week to condemn Donald Trump for proposing the annexation of Canada and imposing tariffs on Canadian goods.  

More — Saskatchewan NDP Caucus

Share this post

NDP Caucus Office

Email:
Phone: 306.787.7388
Address:
2405 Legislative Dr, Room 265
Regina, SK S4S 0B3

Media Inquiries

Landen Kleisinger
Director of Communications and Media Relations
Email: