Banking mogul suing government after intelligence leaks leave him shut out of Canadian economy

, 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 aboutDownload the CTV News App for breaking news alerts and video on all the top...

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. Wilcynski also sees a partisan pattern in the leaks about the Wealth One case and in examples that have been examined at the public inquiry which focused on Beijing’s meddling in the past two elections.Xian’s lawsuit states that the “reckless disclosure” of secret information was designed to create false allegations in public that would influence the Minister of Finance's decision to order Xian to divest his shares in the bank.

Xian's allegations, coming on the heels of the conviction of former senior RCMP intelligence official Cameron Ortis, reveal to Falconer that there are systemic issues within Canada’s security apparatus."I see absolute incompetence in maintaining information pertinent to national security. These are not one-offs. There are obvious serious leadership issues within our intelligence services.

Balsam says the agency “continues to investigate the unauthorized disclosure of classified CSIS information to the media, in parallel and in coordination with other Government organizations as well as the RCMP criminal investigations.” Pride societies rally against UCP policy proposal for International Day Against Homophobia, Biphobia and Transphobia

The Saskatchewan Teachers' Federation and province announced that a tentative agreement had been reached on Friday afternoon, with the STF recommending and endorsing the potential deal to teachers. 'They're beautiful vessels and we're lucky to have them here': Cruise ship season sailing into Windsor-Essex

Source: Financial Digest (financialdigest.net)

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