The former mining town that made Suthanthiran’s name in Canada was built in the 1970s and 1980s to house employees of the neighbouring molybdenum mine. In 2005 Suthanthiran bought the whole town, 1,500 kilometres north of Vancouver, for less than $7 million. The company took the ghost town to court, arguing the mine retained its right of passage through the town despite the sale. Soon after Suthanthiran’s purchase, his new Belgian subsidiary conducted three large transactions — moving €9.6 million to other Suthanthiran companies in Canada. Did Best Canada, the Belgians wanted to know, liquidate the sister firm’s assets and contribute to it becoming fraudulently insolvent?

Source: National Post August 20, 2018 18:11 UTC