Senior bureaucrats appeared before the standing committee on natural resources to explain how Ottawa handled Paper Excellence acquisitions
Federal lawmakers are raising questions about how deeply the Canadian government probed the ties of a wealthy Indonesian businessman as his company amassed a commanding share of Canada’s forest products sector.
That speedy growth has generated a significant amount of concern from environmental groups and others who say the company’s documented ties to the Widjaja family’s other holdings, specifically the Indonesian conglomerate Sinar Mas and its Asia Pulp & Paper subsidiary, bodes ill for Canada because of APP’s track record of environmental destruction.
Mr. Schaan and DeNeige Dojack, director of the department’s investment review division, said the government’s analysis confirms that Paper Excellence is controlled by Mr. Widjaja. But they declined to get into specifics about the analysis, citing confidentiality agreements in place. Mr. Schaan answered that national-security reviews are extraordinarily important and that the government takes them very seriously. He said he’s not in a position to reveal the details of the national security considerations in this case because of their sensitivity. But he explained that in every transaction reviewed, the government understands the ownership structure of the investors seeking approval.
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