The Trudeau Foundation has investments in Chinese companies Baidu and Tencent, a former board member told MPs on a parliamentary committee. Both companies have been subjects of security warnings.
The Trudeau Foundation was created with a $125 million endowment from the federal government in 2001 in memory of former prime minister Pierre Elliot Trudeau, to provide grants and academic scholarships.
Madeleine Redfern, a businesswomen and the former mayor of Iqaluit, says that 0.07 percent of the foundation’s portfolio is invested in Chinese tech giants Tencent and Baidu.
Redfern, who sat on the finance and investment committee of the Trudeau Foundation, testified before the House of Commons ethics committee on June 2 as part of its study on foreign interference. She said she inquired with the foundation a year ago about whether it had investments in China….