Okay. Thank you for that.
Since that audit, Liberal industry minister Navdeep Bains, as he was then, appointed a personal friend of Justin Trudeau's as chair of SDTC. Since the appointment of that individual, a cloud of gross mismanagement, fraud and corruption has descended upon SDTC. I would submit that is supported by the RCGT independent report.
You said, sir, in answer to a question posed by Mr. Barrett, that findings in that report are equivocal. However, I would respectfully challenge you on that submission in that, for example, at 2.3.1 of the RCGT report, it is stated, “When brought to the Board of Directors for approval, the Covid-19 relief payments to active companies were found not [to] have followed the Corporation's conflict of interest procedures.” It also stated that board members did not recuse themselves.
That involved some $38 million of taxpayers' money that went out the door in which board members were in conflict of interest, did not recuse themselves and approved the money. That is not an equivocal finding. That is an unequivocal finding that there were breaches of the conflict of interest procedures.