Mr. Speaker, he does not have to sit on the board. He just has to put his name on the letterhead and it seems to go to the right place.
Last week the EDC was in the news for giving untendered contracts to friends of the Prime Minister. This week we find out that a deal between the Canada Bank Note Company and India went sour. Guess who picked up the $3.5 million tab? EDC, of course.
Why does that matter? It is because Patrick Lavelle, the chairman of EDC, is also a director of the Canada Bank Note Company. Mr. Lavelle says it is not a lot of money. He does not get involved unless the amount of money is $20 million or more. Apparently somebody else looks after the petty cash.
Why is it that friends of the Prime Minister keep getting bailed out with public money?