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

SASK. NDP PUSHES FOR GAS TAX RELIEF AS SASKATCHEWAN FACES HIGHEST PUMP PRICES IN THE PRAIRIES

EMERGENCY MOTION WILL LOWER GAS PRICES BY 15 CENTS STARTING TOMORROW

REGINA – As Saskatchewan drivers struggle with the highest gas prices in the Prairies, Saskatchewan NDP Leader Carla Beck and her caucus will introduce an emergency motion today in the Legislature that will slash gasoline and diesel prices by 15 cents per litre starting tomorrow. 

Same Old Throne Speech from the Same Old Sask. Party

After 17 years, Sask. Party offers no new solutions on critical issues, like affordability and healthcare 

REGINA – Today’s Speech from the Throne was more of the same from the same old Sask. Party. After 17 years, the Sask. Party is out of ideas and pressing ahead with a plan that will see devastating cuts to healthcare and education.

Sask Party’s Broken Promises Leading To 130 Layoffs, Official Court Filings Show

Government’s Incompetence on Economy Spurs Lawsuit

REGINA - Saskatchewan NDP Jobs and Economy Shadow Minister Aleana Young is calling on the Sask. Party government to take responsibility for decisions that have jeopardized jobs in Martensville and Warman, as revealed in official court filings.

Share this post