Skip to main content

Liberal MP Joe Peschisolido arrives on Parliament Hill for his first Caucus meeting in Ottawa.

DAVE CHAN/The Globe and Mail

The federal ethics watchdog has launched an investigation into allegations that Liberal MP Joe Peschisolido failed to update his public records when the Law Society of B.C. took control of his law firm earlier this year.

Ethics commissioner Mario Dion confirmed in a letter to Conservative MP Peter Kent, who requested the inquiry, that he is looking into the matter.

Federal ethics rules require MPs to report any material changes to their investments and other private interests within 60 days.

Story continues below advertisement

The disclosure summary for Peschisolido, the MP for the Vancouver-area riding of Steveston – Richmond East, still lists him as the sole owner of the Peschisolido Law Corporation, even though the Law Society of B.C. appointed a custodian to wind up the real estate law practice in April.

Peschisolido, who also resigned from the bar last year, issued a statement saying he is co-operating with the investigation but cannot comment further.

“I am fully co-operating with the inquiry and have the utmost respect for the office and the process of the ethics commissioner,” the statement said, adding that he is currently working on a response to Dion’s request for more information.

“I am unable to elaborate at this time as I have been requested by the ethics commissioner to keep this confidential.”

Kent based his complaint on reporting by Global News, which published a story about the role the Richmond, B.C., law firm had played in a real estate transaction, called a ‘bare trust’ deal, involving an investment in a condo development by an alleged kingpin in a Chinese drug cartel.

Such deals are legal, but have come under scrutiny as B.C. grapples with a money laundering scandal blamed for skyrocketing real estate prices.

The Conservatives and the NDP both asked questions about money laundering in the House of Commons when the story broke in June, but the investigation by Dion is focused on whether he fulfilled his obligation to report the change of ownership on time.

Story continues below advertisement

Peschisolido, who was first elected as a Canadian Alliance MP in 2000, crossed the floor to join the Liberals two years later. He is seeking re-election this fall.

Our Morning Update and Evening Update newsletters are written by Globe editors, giving you a concise summary of the day’s most important headlines. Sign up today.

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter
To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies