Ex-N.B. premier quits over conflict of interest scandal

Former New Brunswick Premier Shawn Graham. REUTERS/Paul Darrow

Former New Brunswick Premier Shawn Graham. REUTERS/Paul Darrow

QMI Agency

, Last Updated: 3:30 PM ET

Former New Brunswick premier Shawn Graham has quit politics after a report found he broke conflict of interest laws.

Graham, who served as premier from 2006 to 2010, stepped down Friday from his position as a Liberal MLA for Kent.

He violated conflict of interest rules when his government awarded a $50-million loan guarantee to constriction company Atcon in 2009, according to a report by Patrick Ryan, the provincial conflict of interest commissioner, released on Monday.

Graham's father was a director of Vanerply, Atcon's Swedish subsidiary, and worked as a paid consultant for the company.

The Liberal bailout didn't help Atcon, anyway. The company went bankrupt in 2010.

Ryan fined Graham $3,500, which he has promised to pay.

Graham, 45, has been a provincial politician since he was first elected to the legislature in 1998.

After he lost the 2010 provincial election, he resigned as Liberal leader.

His resignation comes into effect on March 11.


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