Bankruptcy: Patisserie Gaudet embezzled more than $7.7 million in public funds.

Quebec is not satisfied and could lose $7.7 million in the bankruptcy of Gaudet, a patisserie in Acton Vale that had Walmart as a client when the company tasted success with its pies and tarts.

“The balance owed by the company to the Quebec government and Investment Quebec is $7.7 million,” confirmed Tuesday. Log Dominique Boudreault Lapierre, representative of Investment Quebec (IQ).

Pâtisserie Gaudet, which just declared bankruptcy, owes $23.8 million, making Quebec the main creditor.

113 workers had difficulty swallowing pills. Some fear never to see the color of their paychecks again from the last few weeks The Voice of the East.

However, a few years ago, Monteregi’s flagship company had wind in its sails and was the third largest producer of pies in the country.

More than nine million pies came out of its ovens every year in 2015.

American giant Walmart has also developed an appetite for its “Made in Quebec” products from MRC d’Acton.

Million dollar rain

Over the years, Pâtisserie Gaudet has been eligible for millions of dollars in all kinds of financial support to keep the business going.

In 2016, Quebec granted him a $700,000 loan for a new factory.

The following year, another $1 million loan was granted for a second production line at the same facility.

Two years later, Patisserie Gaudet was given another $2.2 million loan to “improve the company’s working capital,” emphasizes IQ.

Finally, last year, Investment Quebec made two other loans totaling $4.3 million for the purchase of equipment, machinery and its “working capital.”

On Tuesday, Pâtisserie Gaudet did not respond to interview requests Log.

– with Martin Jolicoeur