The insolvent SaltWire Network newspaper chain pocketed more than $5 million in taxpayers’ subsidies in one year while failing to pay its tax debts, Court records show. Creditors in filings with the Nova Scotia Supreme Court described SaltWire management as incompetent.

“The lenders have lost faith in senior management who have over the course of the last several years mismanaged the business, used employee pension funds for operations, routinely failed to remit HST as it was collected, instead funding the business with such amounts,” wrote creditors. SaltWire management was “uncooperative,” they said.

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