Disgraced theatre mogul Drabinsky granted full parole after emotional hearing
TORONTO - Disgraced theatre mogul Garth Drabinsky has been granted full parole.
Drabinsky, 64, thanked the two-member parole board panel after an emotional two-hour hearing during which he described the strain of living apart from his family after being convicted of fraud.
He will now be allowed to serve out the rest of his sentence at the Toronto home he shares with his wife.
The ex-CEO of the now defunct Livent Inc. and his friend Myron Gottlieb were convicted in 2009 in connection with a book-cooking scheme that eventually led to the company's bankruptcy.
The demise of the publicly traded company ultimately cost investors an estimated $500 million.
Drabinsky's earlier bid for full parole failed because that panel couldn't reach a unanimous decision.
He has been living in a halfway house since his release on day parole last February.
Read more Business News
- Banished from community?Poll - 9:09 pm
- Weed oil fire burns twoKelowna - 6:25 pm
- Rose vows to end wasteMunicipal Elections 2014 - 6:59 pm
- Judge: Banishment OKKamloops - 6:57 pm
|QHR Technologies Inc||1.11||+0.06|
|Anavex Life Sciences||0.19||-0.0015|
|Copper Mountain Mining||1.94||+0.09|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.45||+0.06|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...