Sunday, January 20, 2008

Was due diligence exercised?

Tansi/Good Day Folks:

In Manitoba Queen's Bench file CI 05-01-42648 (Louis Riel Capital Corporation versus Darrel R. Deslauriers and Tammy J. Gosselin), current Louis Riel Capital Corporation General Manager Doug Repay swore (affidavit - October 27, 2005) Mr. Deslauriers received a $52,500 loan on February 2, 2004. This was confirmed by former Acting General Manager Wayne Gray (affidavit - October 28, 2005).

By accessing publicly available court documents, we easily determined prior to being granted a loan by LRCC, Mr. Deslauriers already had four (1985, 1987, 1998, 2003) Small Claims judgments registered against him. Our questions:

(1) Did LRCC Management do a simple court records check? Was it aware of these judgments at the time the loan was granted?

(2) Was Mr. Deslauriers asked by The Louis Riel Capital Corporation whether he had any criminal or civil judgments against him? If yes, what was his answer?

Sincerely,
Clare L. Pieuk

1 Comments:

Blogger Frank Godon said...

Clare the problem in question isn't Mr. Deslauriers past performances concerning his credit. If LRCC didn't do their homework thats their tough luck.

The problem in question is the way Mr. Deslauriers was released from the MMF board.

Who really cares if he had bad credit or even if he had any criminal charges against him in the past. The people who elected him for MMF board probably knew all this.

You need to look at Mr. Deslauriers as someone to help you in your fight against the MMF not alienate him.

3:46 AM  

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