CTV News sets the stage:
Former prime minister Brian Mulroney is expected to tell the Commons ethics committee Thursday he did nothing illegal, but will admit a "serious mistake in judgment" in accepting $300,000 from Karlheinz Schreiber, sources told CTV News.
Mulroney is expected to say he did legitimate work for Schreiber outside of Canada, which is why he didn't pay GST on the cash.
He received the money over three hotel meetings with Schreiber in 1993 and 1994, but waited to declare the money on his income taxes until a subsequent tax year.
Sources also say Mulroney will likely explain that delay.
"It seems Mr. Mulroney only paid his taxes when it became clear he could no longer hide the fact he took the money," said New Democrat MP Pat Martin, who sits on the ethics committee.
CBC also reports: Mulroney set to break silence on dealings with Schreiber. The hearing will be covered live on CBC Newsworld.
- Garry J. Wise, Toronto