Canadian officials declined to say whether Paper Excellence, the country's largest forestry company, was linked to an overseas conglomerate.
Earlier this year, Paper Excellence capped off an unprecedented series of multibillion-dollar buyouts to become the largest forestry company in Canada.
The federal probe follows the release of a journalistic investigation by the International Consortium of Investigative Journalists that found a series of links — including leaked emails, corporate documentation, shipping records and interviews with former employees — connecting Paper Excellence, ostensibly owned by Jackson Wijaya, and APP, headed by Wijaya’s father.
Paper Excellence — a foreign-owned company, controlled through a number of shell companies — does not meet that bar because its acquisitions dealt in the purchase of pulp and paper infrastructure and logging concessions now totalling more than 22 million hectares . “My question is quite simple: do you have the result of an analysis, which yes or no… does establish a link between Mr. Wijaya and Asia Pulp and Paper?”
On Tuesday, a Paper Excellence executive told MPs ties had been cut with APP in 2015, two years earlier.
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