Caisse de dépôt et placement du Québec parliamentary commission: the government had the ability to direct evidence

    QUEBEC, May 26 /CNW Telbec/ - The Association québécoise des retraité(e)s
des secteurs public et parapublic (AQRP), Quebec's largest independent
association representing retired public employees, is infuriated with the
government's ability to direct key evidence heard during the special
parliamentary commission on the Caisse de dépôt et placement du Québec.
    "This special parliamentary commission, which was intended to shed light
on the Caisse's historic losses, ends in failure. On the one hand, there were
numerous questions that could not even be asked. And on the other hand,
whatever answers were given were inaccurate, even contradictory. Nearly every
witness questioned tried to lay blame for these losses on other players or on
outside phenomena while other witnesses tried to play down the scope of these
historic losses. This whole situation gives the unpleasant impression of a
prearranged lack of transparency. Why?", summarized the AQRP president, Mrs.
Madelaine Michaud.
    The lack of dissociation on the part of key witnesses with the government
is the first answer to this question. In fact, all of the witnesses questioned
over the past few days are bound by a duty of loyalty and confidentiality to
the government or to one of its organizations. Moreover, the government is
responsible for appointing most of the witnesses heard during the commission
to their current positions. During the commission's hearings, Caisse and
government staff members went so far as to make their presence known, a fact
denounced by certain elected officials.
    "The lack of willingness of the part of the government to shed light on
these losses, in addition to its ability to direct evidence heard as part of
the parliamentary commission, does not inspire a great deal of trust. At this
time, we have been given no assurances that this type of disaster cannot
happen again. Regardless of the government's responsibility in terms of the
Caisse's losses in 2008, Minister Bachand must order a public inquiry
commission. A denial on his part would only serve to feed the public's
cynicism for the government as a whole and politicians in particular,"
concluded AQRP president, Mrs. Madelaine Michaud.

    AQRP is Quebec's largest independent organization representing unionized
public and parapublic retirees. Quebec has more than 244,000 members who have
retired from the public and parapublic sectors.

For further information:

For further information: Mathieu Santerre, (418) 928-2608,; Source: AQRP

Organization Profile

AQRP - Association québécoise des retraité(e)s des secteurs public et parapublic

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