Category: EDC

Export Development Canada investigation into SNC-Lavalin

The news EDC is to investigate allegations that its support of SNC-Lavalin’s Matala Dam project in Angola was used to pay bribes has us on pins and needles. How thorough will the investigation be? Will we ever learn the results?

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What the SNC board may have known about the firm’s dealings in Libya — like the office safe with $10M cash

High-paid former directors could face tough questions if SNC-Lavalin bribery trial goes ahead. “What’s your role on the board if not to protect the corporation from acts of bribery and from doing things that are illegal?” asks Patricia Adams of Probe International.

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.”

The Prime Minister and the Attorney General

The recent controversy between Prime Minister Justin Trudeau and former Attorney General Jody Wilson-Raybould over the prosecution of SNC-Lavalin has been front-page news for days. Was this a casual conversation or improper interference with the administration of justice? This blog post by former lawyer Andrew Roman discusses the issues from a legal standpoint. The bottom line: there is no law prohibiting either of them from speaking publicly about their conversation.

DPAs: Meet the legal tool central to the Prime Minister’s Office controversy

What are deferred prosecution agreements (or remediation agreements), how did Canada get them, what are the potential benefits and what are the down sides? Patricia Adams of Probe International is firmly in the latter camp: “… they turn the prosecutor into the prosecutor, the judge and the jury. Because of that they are undermining the rule of law — they are essentially political instruments.”

Repeal the Act and privatize this Canadian SOE

In its submission to Ottawa’s 2018 Legislative Review of the Export Development Act, Probe International calls for a repeal of the Act and the privatization of Export Development Canada (EDC). Probe argues the federal government’s export-financing agency shares many of the same characteristics as China’s controversial state-owned enterprises (SOEs), characteristics that ensure market distortion and stunt private development.