VANCOUVER (October 20, 2020) – The BC Liberals have written to Elections BC to formally request an investigation, after documents revealed that the BC NDP appear to be funnelling cash into a secretive shell company that owns the party’s office space.
Documents obtained from Elections BC, the BC Land Title Office, and the BC Registrar of Companies reveal that a shell company called the West 7th Avenue Property Society, controlled by the NDP, purchased real estate holdings worth $5.2 million last year.
The shell company’s board of directors includes senior officials representing the BC Federation of Labour, BC Building Trades, CUPE BC, the Health Sciences Association, and the Broadbent Institute — some of the NDP’s most active supporters.
“The NDP conspired with B.C.’s top union bosses to set up a shell company that acts as their landlord — and the question is why,” said George Affleck, BC Liberal candidate for Vancouver-Fairview. “It looks like the NDP is using this shell company to hide cash from public scrutiny and reporting requirements. British Columbians deserve to know how much cash this NDP-controlled shell company is sitting on, and what exactly they’re using it for.”
The Society’s constitution mandate is “to promote and assist in the educational and political organization of workers and others” — suggesting that cash funnelled into it by the NDP, including millions in taxpayer subsidies could be used for political activities screened from regulatory scrutiny.
The BC Liberals have asked Elections BC to investigate numerous aspects of this secretive backroom deal, including:
- How much the NDP is funnelling into the shell company through lease payments;
- Whether the shell company is engaged in any other real estate transactions or business;
- Whether the shell company plans on carrying out any activities for the benefit of the NDP; and
- Whether the mortgage provided to the shell company by the NDP-linked Community Savings Credit Union complies with s. 181(2) of the Election Act.