A former vice president of SNC-Lavalin wanted in Canada on bribery charges has agreed to a deal with Swiss prosecutors that could lead to his extradition.
The private sector has long been a critical partner for the World Bank Group, providing necessary goods and services to countries in need while stimulating economies by creating new jobs.
Business has benefited from World Bank Group-financed contracts and the enhanced image and credibility that come from working on projects that help the greater good.
The Royal Canadian Mounted Police in Montreal filed criminal charges against two former senior SNC-Lavalin executives on Friday.
Stephane Roy, a former vice-president at SNC-Lavalin, was charged with fraud, bribing a foreign public official, and contravening a United Nations economic measures act related to Libya.… Continue Reading
Scandal-plagued SNC-Lavalin said Monday that 32 employees came forward with requests under its corporate amnesty program between June 3 and August 31.
The Montreal-based engineering and construction firm didn’t say how many of the employees who requested amnesty under the program received it.… Continue Reading
Former SNC-Lavalin executive Riadh Ben Aissa is being sent from Switzerland back to Canada to corruption charges.
Switzerland’s Federal Criminal Court ruled in favor of a request from Canada’s Department of Justice for Ben Aissa’s extradition.… Continue Reading
Over the weekend, Radhica Sookraj of the Trinidad and Tobago Guardian reported that Trinidad and Tobago’s High Commissioner to Canada (equivalent to the ambassador) was an executive for SNC-Lavalin until his diplomatic appoitnment in 2010.… Continue Reading
An investigation by Canada’s The Globe and Mail and CBC News has uncovered more dirt on troubled engineering giant, SNC-Lavalin. The investigation uncovered secret accounting codes that had been used for years to indicate bribes for contracts in Asia and Africa.… Continue Reading
In a terrific article for Canadian Business called ‘The crackdown,’ John Lorinc says that after decades of turning a blind eye, the Royal Canadian Mounted Police are going after companies that bribe foreigners.… Continue Reading
Canada’s scandal-plagued SNC-Lavalin has been barred from World Bank-funded projects for ten years because of alleged corruption in Bangladesh and Cambodia.
The World Bank announced the ban Wednesday.
It debarred parent-company SNC-Lavalin Inc.… Continue Reading