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BC MLAs declare having bought and sold real estate, stocks

Former Solicitor General and Chilliwack mayor John Les and his spouse sold property in Chilliwack at the start of March. The couple sold two of their remaining four units at 46,735 Yale Road, according to a notice of material change Les filed with Paul Fraser, the province's conflict of interest commissioner.

Since June, 2007, the RCMP have been investigating whether Les may have benefited improperly from dealings with land developers while he was mayor between 1987 and 1999. No charges have been laid.

MLAs file public disclosure statements regarding their assets, liabilities and financial interests annually with Fraser and are required to notify him within 30 days of any material change. Les is one of several MLAs to file such a notice since disclosure statements were last submitted in November.

The New Democratic Party MLA for Powell River-Sunshine Coast, Nicholas Simons, bought residential property in Powell River with a mortgage from the Bank of Montreal. And Jagrup Brar, the NDP MLA from Surrey-Fleetwood, bought land in North Battleford, Saskatchewan in December through the privately controlled corporation Frejno Holdings Ltd..

Burnaby-Edmonds NDP MLA Raj Chouhan and his spouse sold their home in Burnaby in February and in October the Liberal MLA for Nechako Lakes, John Rustad, sold property on Ellison Drive in Prince George.

Rustad bought shares in Terrane Metals Corp., and he and his spouse bought shares in Horizon Beta Pro Gold Miner.

Healthy Living and Sport minister Ida Chong took money out of a money market fund in December and invested in Pepper Creek Drilling Limited Partnership and Mineral Fields Limited.

Pepper Creek's internet presence is limited to an Alberta Securities Commission record and Chong said she knows little about the company. Her financial advisor recommended the investment and assured her that the company's activities are centred outside of B.C., she said.

And the Liberal MLA for West Vancouver-Sea to Sky, Joan McIntyre's recent purchases include longterm care providers Extendicare Real Estate Income Trust and Chartwell Seniors Housing Real Estate Income Trust.

She also bought shares in Methanex Corp, Atlantic Power Corp., Goldcorp Inc., Pembina Pipeline Income Fund, MBNA Bank, Bell Canada, Enbridge Inc., Advantage Oil & Gas, Biovail, BMO, Bank of Nova Scotia, Celestica, Cenovus Energy, CIBC, Encana, Enbridge, Interpipeline Fund, H&R Real Estate Inocme Trust, Just Energy Inc. Fund, Manulife Financial, PowerShares India ETF, Provident Energy Trust, Royal Bank, Sherritt International, Sino Forest, TD Bank, Transalta Corp. and Verizon Communications.

Finally, Liberal backbencher Douglas Horne, who represents Coquitlam-Burke Mountain, no longer owes money to Robert Pirooz, a Vancouver lawyer and mining company director.

Andrew MacLeod is The Tyee’s Legislative Bureau Chief in Victoria. Reach him here.

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