Bearspaw First Nation west of Calgary is suing Ottawa over what it says was an unjustly delayed transfer of trust funds costing millions.
In a statement of claim filed in Calgary Court of King’s Bench on behalf of members of the First Nation west of the city, the band says government officials were negligent in transferring the trust funds.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“As a result, the members of the Bearspaw First Nation have suffered a loss of over $5 million that would have been earned had the trust moneys been transferred when the Government of Canada represented that they would be.” But the funds weren’t moved until a ministerial order was signed by Crown-Indigenous Relations Minister Marc Miller on Aug. 17, 2021.Article content“It was determined that the capital moneys would provide significantly more revenue, capital gains and other utility if they were managed in a private trust rather than by the Government of Canada.”
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