The outside lawyer is promising a thorough investigation

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The lawyer that the Caisse de dépôt et placement du Québec has mandated said to have “carte blanche” to shed light on the revelations of our Office of investigation of its subsidiary Otéra Capital.

Stéphane Eljarrat
Lawyer

“The message that it must be done quickly to me has been entrusted to the care of a non-ambiguous manner,” said Stéphane Eljarrat, in an interview with The Journal. This is an absolute priority for the Caisse. “

The attorney is specialized in particular in the “litigation in corporate governance” and in the mandates ” anti-corruption “, according to the website of his law firm, Osler.

“There’s nobody who wants to that it drags,” he said. The Fund and its executives, I have sent this message very clearly. “

Stéphane Eljarrat explains that it involves ” a big team “.

“We are already working. “

The lawyer said that he must not only investigate ” the revelations of the media “, but also ” to make the point on integrity and compliance processes, and ethical issues in Otera “.

Graceffa on the harness

Our Office investigation revealed that a subsidiary of Otéra, the financial Corporation MCAP, has granted millions of dollars in loans to companies of the CEO and chairman of the board of Otéra himself, Alfonso Graceffa.

“It is a part, and without ambiguity, the different things that I have to watch,” confirms Stéphane Eljarrat.

For the moment, the Fund maintains Alfonso Graceffa in post despite an investigation on these loans.

“If, in the course of the journey, in the light of the facts, certain measures must be taken immediately, we will not hesitate to do it quickly, warns Maxime Chagnon, director of communications at the Fund. Of course, Mr. Graceffa is not involved in any way in the conduct of the investigation. It is also part of the people encountered. “

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The reviews will also focus on the audit process that engages management on candidates for management positions and of directors.

In this regard, the vice-president, legal Affairs, at Otéra, Mélanie Charbonneau, said that before being appointed a candidate is the subject of an investigation ” conducted by a specialized external firm, which included research from the Centre for canadian police information “.

– With Félix Séguin

 

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