Net benefits to Canada went unquestioned in big forestry buyouts

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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