Category: Corruption

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.”

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.

SNC-Lavalin executive reveals illegal political donations before corruption inquiry

(March 15, 2013) A vice-president from SNC-Lavalin, Canada’s largest engineering company, admitted yesterday before Quebec’s Charbonneau inquiry into corruption in public-works contracts, that it organized its employees to make more than $1 million in illegal political donations. While there was no direct link between the donations and a quarter-billion dollars in contracts the firm was awarded by the provincial government, Yves Cadotte insisted, the company did not want to take any chances.

SNC-Lavalin corruption case: new court date set but plea for speedy trial dismissed

(January 28, 2013) India’s Central Bureau of Investigation (CBI) told its special court last month that two of the accused in the notorious SNC-Lavalin hydro-dam graft case were “interfering” with the court’s decision to secure the presence of Klaus Triendl, the former vice-president of Canadian engineering giant SNC-Lavalin and the sixth accused in the case. The two accused in question had requested the charge sheet be divided in order to facilitate the speedy trial of those who had already answered the summons of the court in connection with the case. The court has since dismissed their plea, however, saying there was no reason to think that the presence of Triendl could not be obtained within a reasonable time and set April 24, 2013 as the new date to hear the corruption case.