Doman Scandal
Encyclopedia
In 1996, Bill Bennett
was convicted under British Columbia
securities laws of insider trading
involving the sale of shares in Doman Industries (now operating as Western Forest Products
), a Duncan, British Columbia
company two years after he stepped down as Premier
.
Bill Bennett
William Richards Bennett, PC, OBC , commonly known as Bill Bennett, was the 27th Premier of the Canadian province of British Columbia 1975–1986. He is a son of the former Premier, W. A. C. Bennett. He was a 3rd cousin, twice removed, of R.B...
was convicted under British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
securities laws of insider trading
Insider trading
Insider trading is the trading of a corporation's stock or other securities by individuals with potential access to non-public information about the company...
involving the sale of shares in Doman Industries (now operating as Western Forest Products
Western Forest Products
Western Forest Products Inc. is a Canadian lumber company based in Vancouver in British Columbia, Canada.-History:Doman Singh bought a sawmill near Duncan in 1905...
), a Duncan, British Columbia
Duncan, British Columbia
Duncan is a city on southern Vancouver Island in British Columbia, Canada.-History:The community is named after William Chalmers Duncan . He arrived in Victoria in May 1862, then in August of that year he was one of the party of a hundred settlers which Governor Douglas took to Cowichan Bay...
company two years after he stepped down as Premier
Premier of British Columbia
The Premier of British Columbia is the first minister, head of government, and de facto chief executive for the Canadian province of British Columbia. Until the early 1970s the title Prime Minister of British Columbia was often used...
.