Sunday, April 22, 2012

Libya And Bangladesh Troubles Complicate SNC – Lavalin Probe

In addition to the Royal Canadian Mounted Police execution of a search warrant at engineering giant SNC – Lavalin’s Montreal headquarters, looking for financial records respecting improper payments to foreign agents, the company has been barred from bidding on a $2 billion World Bank funded bridge project in Bangladesh, amid corruption allegations there, and one of the engineering firm’s vice presidents has been linked to a Canadian woman jailed in Mexico, who is charged with trying to smuggle one of former Libyan dictator Muammar Gadhafi’s sons into that country. SNC – Lavalin sans the missing funds sought by the search warrant are not related to the company’s Libyan operations, but refuses to comment further on the relatedness or unrelatedness of the various ongoing corruption probes.

blog comments powered by Disqus