YELLOWKNIFE — A Northwest Territories Supreme Court justice has ordered that Lutsel K'e Dene First Nation companies be put in the care of a receiver-manager as the First Nation accuses the head of its business arm of misappropriating millions of dollars through self-dealing. The Lutsel K'e Dene First Nation has approximately 800 members and about 350 people are estimated to live in the remote community on the East Arm of Great Slave Lake. Denesoline Corporation is the economic development arm of the First Nation and is responsible for business negotiations and management of various joint ventures. Its primary source of revenue comes from contracts with the three diamond mines in the territory, with which the First Nation has agreements. rather than Lutsel K'e, and that Denesoline paid $40,000 for renovations to a property owned by Equipment North in Yellowknife as well as $15,000 in monthly rent to the company.

Source: Daily Nation May 01, 2023 19:26 UTC