RCMP Raids Quebec-Based Bus Maker Lion Electric
Up to 75 officers are gathering evidence in a probe that began after complaints from more than 100 investors, police said.
- On Wednesday, the Royal Canadian Mounted Police searched Lion Electric's headquarters in Saint-Jérôme, Que., as part of an investment fraud investigation into the company's past activities.
- Investigators launched the probe in February 2025 after receiving complaints from more than 100 investors, targeting activities under the company's previous ownership.
- A Radio-Canada investigation previously alleged Lion Electric exaggerated its order book, while the company carried $400 million in debt before filing for bankruptcy protection in December 2024.
- Up to 75 officers are executing search warrants to gather evidence from servers, though RCMP spokesman Enrique Gasse confirmed no arrests or charges are currently expected.
- Under new owners Vincent Chiara and Pierre Wilkie, Lion Electric has relaunched as a smaller entity focusing on electric school buses, now employing about 200 people.
22 Articles
22 Articles
RCMP raids Lion Electric in Saint-Jérôme in connection with investment fraud
The RCMP arrived in force at Lion Electric’s facilities in Saint-Jérôme around 10 a.m. on Wednesday to conduct a series of searches. “We received several complaints from over 100 investors,” explained RCMP spokesperson Cpl. Martina Pilarova. “We began the investigation in February 2025. It concerns an investigation into investment fraud.” Pilarova clarified that “this operation […]
MONTREAL — The Royal Canadian Mounted Police (RCMP) landed in force at Lion Électrique's facility at approximately 10:00 a.m. on Wednesday in Saint-Jérôme to conduct a series of searches. "There have been several complaints from more than a hundred investors," said RCMP spokesman, Corporal Martina Pilarova. "The investigation began in [...]
TVA Nouvelles
Several RCMP vehicles showed up Wednesday morning at the head office of the Lion Electric vehicle manufacturer.
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