Sakto Corporation Wins Court Case Brought by Bruno Manser Fund

BMF Ordered to Pay for Unfounded Allegations of Corruption

OTTAWA, Ontario, March 26, 2018 /CNW/ -- The Ontario Superior Court of Justice has dismissed a court case brought by Swiss-based Bruno Manser Fund (BMF) against an Ottawa-based real estate company, Sakto Corporation, stating that the allegations against Sakto Corporation were based on "conjecture and suspicion."

BMF submitted thousands of pages of documents to a Canadian court and asked to have a hearing to obtain private company records, without notifying Sakto Corporation. The judge refused to make the requested order without notice to Sakto Corporation, and the Executive Director of BMF, Lukas Straumann, was subsequently cross examined on his serious allegations.

Based on the thousands of pages of documents submitted by BMF, and the transcript of the cross-examination of Straumann, the Honourable Justice Sean F. Dunphy dismissed the case. In his reasons, he stated that the allegations against Sakto Corporation were based on "conjecture and suspicion more than evidence."

"We are pleased to see that the Ontario Superior Court quickly dismissed the case," said attorney Marie-Andrée Vermette of WeirFoulds LLP. "Sakto Corporation is a renowned, local Canadian company, led by a local family known for being community supporters and philanthropists. This attempt by the Swiss organization is another in a long string of similar failed attacks against my client.

"The court order sought by this organization was unsupported in law and based on repackaged allegations that have not been substantiated by any government or authoritative body," continued Ms. Vermette.

Justice Dunphy held that BMF cannot claim the mantle of public interest litigants to avoid the costs consequences of their unsuccessful application and ordered BMF to pay a total of $175,000 to the respondents and Sakto Corporation for their legal costs.

To learn more and read the court documents, visit www.thefactsmatter.ca.

Sakto Corporation is a privately owned and operated real estate holding and investment firm founded and located in Ottawa, Canada. Throughout its three decades of operation, Sakto Corporation has remained true to its core standard of excellence and integrity. Today, the company owns and manages multiple property holdings and is renowned as one of the capital's foremost property facilitators. Jamilah Taib Murray is the Chairman and Sean Murray is President. Visit Sakto Corporation's Facebook, Twitter, and LinkedIn.

SOURCE Sakto Corporation

SOURCE Sakto Corporation