Mr. Speaker, to break it down, the member correctly noted that $330 million went out the door and involved conflicts of interest of board members. Not only were those cases of conflicts of interest, but in many instances, they were straight-up violations of the SDTC act, which provides that no board member shall in any way profit from the foundation. In addition to that, somewhere in the neighbourhood of $70 million improperly went out the door in violation of agreements that SDTC had with ISED, which the Minister of Industry is responsible for overseeing and failed to enforce.
In the House of Commons on September 27th, 2024. See this statement in context.