In a new twist to SNC-Lavalin Group’s bribery scandal, an oversight body in Quebec has banned several of the companies’ entities from bidding on public procurement contracts for five years.
In December, a subsidiary of the Montreal engineering firm, SNC-Lavalin Construction Inc., pleaded guilty to corruption and agreed to pay a $280 million penalty to settle federal criminal charges that its executives bribed Libyan government officials nearly a decade ago in order to win lucrative contracts in the African country.Miguel Landry, a media relations specialist for the AMP, said the ban was automatically applied to the SNC entities as a result of the guilty plea in December.
On Thursday, in response to media inquiries, SNC released a statement saying that its guilty plea presents “near-term risk,” but that “the plea will [not] have any long-term material adverse impact on the company’s overall business.”The company’s stock has declined 43 per cent since early 2018, around when news reports first surfaced that Prime Minister Justin Trudeau had pressured former attorney general Jody Wilson-Raybould to settle with the company.
Just 5 years
Cue the gov't bailout.
charlesadler Finally
Unlikely this is true.
Well at least they’re free to fuck up Ottawa light rail still...
Sweet! Another slap in the face for Trudeau, Butts, Telford and Wernick. Proves how wrong & crooked they were in trying to force Jody Wilson Raybould and Crown lawyers to not prosecute these thugs. Quebec did and it's a province once famous for it's corruption. Now it's the LPC!
charlesadler If we could only ban J. T.
Good! Now can they be barred from the rest of Canada for 5 years and from all government contracts forever? Liberal corruption knows no bounds. TrudeauHasGotToGo