Canadian Adscam Scandel: Guité Testimony Redacted On Personal Loan (Banned Testimony)

Captain Ed over at Captain’s Quarters has discovered redacted testimony regarding Chuck Guité’s testimony at the Gomery Inquiry:

….So let’s make sure everyone is clear on this. Brault works through Chuck Guité in order to make sure that he gets as much access to government contracts through the former Liberal minister. He pays Guité hundreds of thousands of dollars, income liable for taxation. Suddenly Guité asks for a loan based on a deal closing that will result in large fees coming from Groupaction so that he can buy a boat without incurring some sort of capital-gains tax, and Brault gives him another $25,000 for a year at below-market interest. (Brault could have made more money opening a savings account.) Not only did Guité skip paying Brault even the interest due on the loan, however, he continued to demand fees from Groupaction far exceeding the amount of the loan.

Does it occur to anyone that this money not only avoided taxes, but also could easily have avoided scrutiny as a political payoff?

At any rate, the Canadian taxman will certainly take notice of this money now. It looks like Guité may need to file an amended tax return for 2001 sometime in the next few months.

There is no reason to ban this testimony or any of it from publication. IT is obvious to Flap that these guys have cut a deal with the prosecutors and are ready to spill the beans on the Liberal Party and Paul Martin.

They sold their souls to the comapny store and now are willing to sell out their former sugar daddies in order to save their own sorry asses.

Stay tuned…..it will only get better.