Pierre Elliott Trudeau Foundation chair Edward Johnson says he was unaware that the organization invested some of its $125 million initial endowment from the federal government into Chinese companies.
On June 8, Johnson told MPs on the House of Commons Standing Committee on Public Accounts that the foundation “arranged a special meeting” two years ago to discuss the investments. This came about, he said, after Madeleine Redfern, a businesswoman and the former mayor of Iqaluit who also previously sat on the Trudeau Foundation’s finance and investment committee, raised concerns about them, as first reported by Blacklock’s Reporter.
