SPUDCO
Encyclopedia
SPUDCO, the Saskatchewan Potato Utility Development Company, was a pseudo public private partnership between SaskWater
SaskWater
SaskWater is a Crown corporation owned by the Government of Saskatchewan and supplies water, wastewater and related services to municipalities, industries and farms. In turn, municipalities supply water to their residents. SaskWater has operations in Moose Jaw, Watrous, Prince Albert, Saskatoon,...

 and Lake Diefenbaker Potato Corporation (LDPC). It was created in 1996 and had signs of trouble from the start. The fall-out from the numerous scandals lead to the bankruptcy of LDPC and subsequent lawsuit which was settled for $7.9 million CAD
Canadian dollar
The Canadian dollar is the currency of Canada. As of 2007, the Canadian dollar is the 7th most traded currency in the world. It is abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies...

 and a Royal Canadian Mounted Police
Royal Canadian Mounted Police
The Royal Canadian Mounted Police , literally ‘Royal Gendarmerie of Canada’; colloquially known as The Mounties, and internally as ‘The Force’) is the national police force of Canada, and one of the most recognized of its kind in the world. It is unique in the world as a national, federal,...

 (RCMP) investigation. It left a black mark on the Saskatchewan New Democratic Party
Saskatchewan New Democratic Party
The Saskatchewan New Democratic Party is a social-democratic political party in the Canadian province of Saskatchewan. It currently forms the official opposition, but has been a dominant force in Saskatchewan politics since the 1940s...

for years to follow that still continues till today. SPUDCO finally folded in 2000.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK