Canada is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday.
She said as the world's democracies work to limit their strategic vulnerabilities to authoritarian regimes, they must be clear about the ways such governments exercise their influence.
He claimed the bank was dominated by "Communist Party hacks" who were "like an in-house KGB or Gestapo or Stasi." "Mr. Pickard's recent public comments and characterization of the bank are baseless and disappointing," the AIIB said in the email. It said the bank "supported and empowered him" during his tenure.
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