World · North America · 2 hrs ago
RCMP search Lion Electric headquarters in investment-fraud investigation
The RCMP searched Lion Electric’s headquarters in Saint-Jérôme, Quebec, on Wednesday as part of an investigation into possible investment fraud.
Lion Electric makes electric buses and trucks and was bought by an investor group in 2025.
The allegations being investigated date to when founder Marc Bédard led the company.
Police are examining whether its order book included orders that were not promised or could not be fulfilled, which may have misled investors.
Lion Electric faced serious financial problems and sought creditor protection in December 2024; small shareholders lost their investments, and the collapse cost Quebec more than $140 million.
Up to 75 officers took part in the search, and police said they had no findings to share yet.
The RCMP searched Lion Electric’s headquarters in Saint-Jérôme on Wednesday as part of an investigation into possible investment fraud.
The federal police force said up to 75 officers were involved and that there was no update on the operation’s results.
The allegations under investigation relate to a period when founder Marc Bédard led the company.
Lion Electric was acquired by a group of investors in 2025.
Small investors have alleged they were misled, including by the company’s orders, which may have included orders that were not promised or could not be fulfilled.
- Who
- The Royal Canadian Mounted Police (RCMP) searched Lion Electric’s headquarters.
- What
- The search is part of an investigation into possible investment fraud.
- When
- Wednesday, October 21, 2026.
- Where
- Lion Electric’s headquarters in Saint-Jérôme, Quebec.
- Why
- The RCMP is investigating alleged investment fraud. The allegations concern a period when founder Marc Bédard led the company.
This story does not have two clearly opposing sides.
Lion Electric sought protection under the Companies’ Creditors Arrangement Act because of serious financial difficulties.
Media reports said the RCMP was investigating Lion Electric, including its order book.
A group of Quebec businesspeople acquired Lion Electric.
The RCMP searched the company’s headquarters in Saint-Jérôme.
- Location
- Lion Electric headquarters, Saint-Jérôme
- Police operation
- Up to 75 RCMP officers
- Investigation
- Possible investment fraud
- Founder
- Marc Bédard
- Acquisition
- Bought by a group of Quebec businesspeople in May 2025
3 sources
What people are saying
up to 75 police officers
no update at this time