Dangerous Liaisons: the VP of a subsidiary of the Caisse de dépôt is suspended

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The Caisse de dépôt suspends the vice-president of one of its subsidiaries, who is in a relationship with a private lender for a long time linked to the clan mafia Rizzuto.

In a press release issued Tuesday morning, the management of the Fund explains that Martine Gaudreault, vice-president of Otéra Capital, is suspended for the time of an internal investigation.

These measures are taken following the revelations of our investigation Bureau concerning the spouse of Ms. Gaudreault, Alain Cormier. The latter, a lender alternative, has already been in business with members of the Rizzuto organization between 2008 and 2012.

Mr. Cormier has also been involved in controversial real estate project, the 1000 de la Commune, and borrowed money in the firm of an individual convicted of money laundering related to drug trafficking.

The revelations of our Office of investigation “are taken very seriously, as they relate to integrity issues.”, explains the Fund in its press release.

“An internal investigation has been opened yesterday, and will be conducted by an outside lawyer so that all of the checks being made. The findings of this survey will be made public,” says the institution.

The Caisse also emphasizes that “integrity is a principle that is non-negotiable on which no compromise will be done.”

More details to come.

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