Evidence of meeting #16 for Access to Information, Privacy and Ethics in the 39th Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was money.

A recording is available from Parliament.

On the agenda

MPs speaking

Also speaking

Giorgio Pelossi  As an Individual
Clerk of the Committee  Ms. Erica Pereira

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

So you saw all the money coming in and going out, perhaps not right up until the final phase, but you did see the money. Is that correct?

9:50 a.m.

As an Individual

Giorgio Pelossi

That is correct.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

How much money came in with the $20 million from Airbus over that period of time?

9:50 a.m.

As an Individual

Giorgio Pelossi

About $25 to $30 million.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

So Airbus accounted for most of it.

9:50 a.m.

As an Individual

Giorgio Pelossi

No, perhaps it was not as much as that. There was about $12 million from Airbus and $4 million from Thyssen. So it was a little less. It amounted to between $15 and $20 million.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

So that accounted for the revenues of IAL over this period, essentially.

9:50 a.m.

As an Individual

Giorgio Pelossi

Yes, there was $1 million from Messerschmitt for the helicopters.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

You left in 1991. Do you assume that other funds came in, given the contracts that had been signed?

9:50 a.m.

As an Individual

Giorgio Pelossi

I assume that the rest of the Airbus commissions came in, yes.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

As the manager, you were required to sign cheques, to manage the funds. Earlier, you spoke about the $5 million that came in on October 5, 1988. I imagine that you wrote some cheques at that time. Earlier you spoke about a figure of $500,000. Is that correct?

9:50 a.m.

As an Individual

Giorgio Pelossi

Yes, it was about that.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

And the rest, $4.5 million, went into other accounts. If I understood you correctly, Mr. Schreiber left with cash.

9:50 a.m.

As an Individual

Giorgio Pelossi

No, he took it in the form of a cheque, which he cashed at the Swiss Bank Corporation.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

What do you mean when you say that he cashed it?

Giorgio Pelossi

He deposited the cheque into his account.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

He deposited it into his own account.

9:50 a.m.

As an Individual

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

The $5 million in question was deposited into the IAL account. Is that right?

9:50 a.m.

As an Individual

Giorgio Pelossi

The IAL account. Yes, that is correct.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

When you refer to his account, are you referring to the Kensington account?

9:50 a.m.

As an Individual

Giorgio Pelossi

No, I am talking about his account in Zurich.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

His personal account.

9:50 a.m.

As an Individual

Giorgio Pelossi

The IAL and Kensington accounts were in Liechtenstein.

Carole Lavallée Bloc Saint-Bruno—Saint-Hubert, QC

I see. So there was a personal account into which he deposited the $4.5 million.