Search results for ‘SNC Lavalin

Ottawa’s promised changes to federal integrity rules gives SNC Lavalin a boost

Things are looking less sour for graft-tainted engineering giant SNC-Lavalin, which received a boost Monday when an analyst upgraded his rating and price estimate for the company’s stock following changes to the federal government’s procurement policy, announced in last week’s budget.

CAG finds lapses in deal with SNC Lavalin

(February 14, 2006) The KSEB signed an MoU with Lavalin in August 1995. Under the provisions of the MoU, the funds for the renovation were to be arranged by SNC Lavalin from the Export Development Corporation (EDC), Canada, and the Canadian International Development Agency (CIDA). The Board did
so, ignoring the CEA’s recommendation that immediate replacement of the generating units at the allivasal power station was not called for as the plant was in fairly good condition.

SNC-Lavalin insider’s bribery allegations spark probe by Crown agency that loaned the firm billions

Export Development Canada launches review of 2011 deal with engineering company. This CBC News report includes comments from Patricia Adams of Probe International who says if there’s any truth to the allegations EDC money was used for bribes, it implicates all Canadians: “[EDC] operates on the Queen’s credit card. That means that it operates on our credit cards.”