Auditor General investigating provincial loan to private company

After it closed its doors last month, local company Newfound Genomics gained attention in the media and within the House of Assembly as owner Dr. Wayne Gulliver criticized the government for not fully supporting the life sciences industry. However it now appears that the province’s auditor general, John Noseworthy, may have been investigating the government’s financial involvement with the company months before. Noseworthy’s investigation found that much of the paperwork and required checks of a company – a company which was not named but has a description very similar to that of Newfound Genomics – weren’t done before the investment money was paid out by government.

Get our weekly newsletter for in-depth reporting and analysis delivered straight to your inbox. You can unsubscribe from the newsletter at any time. Have a question? Contact us or review our privacy policy for more information.


Sign up for our weekly Indygestion newsletter


Sign up for the Indygestion newsletter

Each Saturday, we'll deliver a recap of all our in-depth reporting and analysis from the week.

Our donors make it possible.

Newfoundland and Labrador’s premiere outlet for progressive ideas is only possible with your support. Will you join us?

This site uses cookies to provide you with a great user experience. By continuing to use this website, you consent to the use of cookies in accordance with our privacy policy.

Scroll to Top