OTTAWA - A B. C. company accused of providing false and misleading financial information to investors has counted an estimated 50 MPs as shareholders, according to its cofounder, former New Democrat politician Nelson Riis. Canadian Rockport Homes, a firm that builds low-cost concrete homes in the developing world, is the subject of a British Columbia Securities Commission hearing into allegations it gave out "overly optimistic" revenue projections for the start-up. The allegations have not been proven. Mr. Riis helped launch the company after he was defeated in the 2000 election and approached many of his former colleagues in the House of Commons to invest, including one who now sits in Cabinet.
No comments:
Post a Comment