Peladeau Investigated by Quebec Ethics Commissioner

Pierre Karl Peladeau, who was elected to Quebec’s legislature this year, is being investigated over whether he violated ethics policies and used his office to intervene in a deal involving his own company, Quebecor Inc.

Peladeau, the majority owner of Quebecor, said on his Facebook page yesterday that he had told Investment Quebec that letting a U.S. firm buy Vision Globale would be bad for the province. Quebecor was another potential buyer of the film production company.

The legislature’s ethics commissioner, Jacques Saint-Laurent, said in a statement yesterday that he had opened an investigation into Peladeau’s actions regarding Vision Globale. If he finds Peladeau acted unethically, a range of penalties could be recommended, including the possibility of losing his seat, according to the legislature’s ethics code.

Peladeau has said that he’ll put his Quebecor shares in a blind trust if he becomes leader of the opposition Parti Quebecois. The National Assembly of Quebec is set to vote on a motion to amend the legislature’s ethics rules that would bar members from owning a controlling interest in a media company.

Peladeau said in his note he intervened to help keep control of Mel’s Studios, owned by Vision Globale, in Quebec, especially since it had received public funding.

“My actions were solely motivated by my conviction of the importance of keeping control of one of our companies in Quebec hands,” he said.

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