Trudeau Foundation invested in companies cooperating with China’s regime
Why does the Trudeau Foundation keep getting connected to the CCP?

TCS Wire

June 6, 2023

A former board member of the Trudeau Foundation has revealed that the organization invested in two Chinese companies that have been accused of violating privacy rights and collaborating with the Chinese communist regime. 

Trudeau Foundation invested in companies cooperating with China’s regime

More connections between the Trudeau Foundation and the Chinese government continue to be unearthed as a parliamentary committee digs deeper into allegations of foreign interference in Canada’s elections. 

Madeleine Redfern, businesswoman and former mayor of Iqaluit, told the House of Commons ethics committee on June 2, 2023 that under 1% of the organization’s investment profile is with Tencent and Baidu, two of China’s largest tech firms.

Redfern, who was part of the Trudeau Foundation’s finance and investment committee and had recently resigned from the foundation’s board, said she asked the foundation last year about its investments in China but the organization brushed off her concerns. 

“I definitely had some concerns around the possibility of Chinese investments depending on where those investments were,” said Redfern. 

“I had a fulsome discussion with the members of the committee and the investment firm about how we invest and was told that we have ESG [environmental, social, and governance] principles that guide the investments and that quite a lot of work had been done before my arrival to sort of help direct the firm on how we make investments.” 

Tencent, the developer of the popular WeChat app, and Baidu, China’s dominant search engine, have both been involved in surveillance and censorship activities, according to reports by the University of Toronto’s Citizen Lab. 

“Having been on many different boards over the last 30 years, I was satisfied with the level of governance on the Pierre Elliott Trudeau Foundation until we hit that crisis a couple months ago,” said Redfern. 

Media reports based on intelligence sources claimed that the Trudeau Foundation received a $140,000 donation from businessman Zhang Bin under the direction of Beijing. 

Share this story

Help Keep your News Free

Share this story

It's crucial we stay in touch

Big Tech wants to censor us, that’s why you need to stay in touch.

YOU MIGHT ALSO LIKE THESE...

Trending News

“I believe our province is on the cusp of an unprecedented and prolonged energy resource boom.”

Mike Campbell

February 22, 2024

Trending News

Musk uses Trudeau as punchline in mocking Google AI’s anti-white photo generator.

Mike Campbell

February 22, 2024

Trending News

“Far right politicians pick fights with trans kids. Shame on them,” Trudeau said.

Mike Campbell

February 21, 2024

Trending News

The Prime Minister reminisced about the times when traditional broadcasters like CBC, CTV, and Global maintained a “common set of facts.” 

Mike Campbell

February 21, 2024

Trending News

Trudeau says Canada’s immigration numbers are “perfectly in line” with what Canada needs.

Mike Campbell

February 16, 2024

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use our website.