Banking mogul suing government after intelligence leaks leave him shut out of Canadian economy
CTV
Chinese Canadian banking mogul Shenglin Xian has launched a $300 million lawsuit against the federal government. It’s a means to find the source of intelligence leaks which Xian says has cost him his livelihood.
Chinese Canadian banking mogul Shenglin Xian has launched a $300 million lawsuit against the federal government. It’s a means to find the source of intelligence leaks which Xian says has cost him his livelihood.
Xian, the founder of Wealth One Bank, alleges in his statement of claim that the federal government was negligent in failing to prevent the “unauthorized and unlawful disclosure of secret and confidential information” that resulted in “unsubstantiated claims” about foreign interference and money laundering published about Wealth One in media reports.
“My client Shenglin Xian was a victim of mass dissemination of false information that went into the public record,” said Toronto lawyer Joel Etienne.
“What we're trying to do is get to the truth. What we want is transparency and what we want is full vindication.
The statement of claim filed in Ontario Superior Court on May 8 names the Attorney General of Canada, the Director of the Canadian Security Intelligence Service, the RCMP Commissioner, and the Globe and Mail. An ex-Mountie and former CSIS director who work together at the consultancy firm Critical Risk Team are also named in the suit. CTV News has quoted experts from the firm in previous stories on foreign interference not related to Wealth One Bank.
The lawsuit also alleges that CSIS was fully aware that “human sources can be mired by racial, xenophobic and ethnic biases” yet the public assumes information from CSIS is “reliable” which makes the leaks particularly damaging.
The claim states that Xian has been “effectively banished from the Canadian economy.” The 69-year-old has been forced to divest from the bank he built. Wealth One Bank, which caters to newcomers, has been forced to lay off staff after losing customers, and Xian says he can’t even get a bank card.
A miniature Christmas village made of decorative houses and buildings has been slowly growing in a Regina home.
With the number of homeless people in Saskatoon at an unprecedented high, it’s no surprise people are looking for places to warm up.
The next chapter of the Lemay Forest saga has unfolded as the sounds of trees coming down could be heard Monday.
The stormy weather in the forecast for B.C.'s South Coast is already disrupting many Christmas Day travel plans.
A break in, theft, and continued property damage has led to the boarding up of the Palace Theatre over the Christmas holidays.
Police in Nova Scotia are investigating after two deaths in Truro, N.S., over the weekend have been ruled homicides.
Calgary police shut down Glenmore Trail overnight following a crash between a car and a crane truck.
Ontario's Human Rights Tribunal has awarded members of an Indigenous family in North Bay $15,000 each after it ruled they were victims of discrimination.
A heavy snowfall has guaranteed much of Quebec a white Christmas, but it has also sent cars skidding off the province's roads during the busy holiday travel period.
For many of the women attending My Sister’s Place (MSP) in London, Ont. the holidays are a difficult time.
RCMP in New Brunswick are investigating after a business in Janeville was broken into and a number of items were stolen.