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Best Theratronics was once a Crown agency that created the world's first cancer treatment machine, but it has struggled in recent years under the private ownership of overseas businessman Krishnan Suthanthiran.
Suthanthiran says he has lost millions of dollars since buying the company from MDS Nordion in 2007. More recently, the company faced a protracted labour dispute that saw workers strike for nearly 10 months to demand better pay.
In an email, he wrote that he was being forced "to relocate to the USA and India" and that would result in "the loss of 200 high-tech jobs." He also cited the high yearly cost of having the nuclear licence.
Krishnan Suthanthiran - Wikipedia Krishnan Suthanthiran - Wikipedia
In 2011, Suthanthiran acquired a nuclear medical business located in Belgium which would adopt the name Best Medical Belgium. Following the deal, Best Medical Belgium transferred €9.6 million to companies owned by Suthanthiran in Canada. Six months later, Best Medical Belgium declared insolvency. Belgian authorities allege that these actions constitute Best Canada liquidating the Belgian firm's assets in an effort to render it fraudulently insolvent. They are investigating the firm for potential money laundering. Suthanthiran denies the allegations.[3][5]
