A Globe and Mail investigation of Export Development Canada (EDC) reveals “a pattern of secrecy and lax supervision”. Probe International’s Patricia Adams says EDC is an unaccountable “institution out of control”.
Here’s what you need to know about the most powerful financial institution you almost never hear about.
Export Development Canada responds to Probe International’s inquiry regarding allegations of bribery related to its support of SNC-Lavalin’s Matala Dam project in Angola. Not a reassuring read. According to EDC, we the […]
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?
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.
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.”
Patricia Adams, economist and executive director at Probe International, joins BNN Bloomberg to discuss why she thinks SNC-Lavalin must go through a criminal probe if Canadians are “ever to know who did what” in the case.
DPAs don’t cut it, says Patricia Adams of Probe International. A trial here or elsewhere would not only expose who knew what and when within the firm; it would also expose who in government might have been involved.
Canada has come full circle, with prosecution of corporate crimes again determined by politics. Read the latest from Probe International’s Patricia Adams on SNC-Lavalin in today’s National Post opinion.
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.
Activists call the agency “essentially self-governing” in the areas of environment, human rights and anti-corruption.
Export Development Canada has perfected the art of lending billions of taxpayer dollars to scandal-ridden foreign buyers. But its transparency could use some work. Patricia Adams of Probe International shares her experience with EDC “disclosure”.
(November 5, 2013) The alleged “culture of corruption” by SNC-Lavalin and others was encouraged by the government’s willingness to turn a blind eye.
(October 23, 2013) Don’t count on any government in Canada to hold SNC-Lavalin’s feet to the fire. Blinders on and taxpayers’ cash in hand, they’re willing to reward allegations of corruption with big, fat contracts, says Huffington Post’s Daniel Tencer.
(August 3, 2013) A little-known Crown corporation is doing what it can to help corruption-plagued SNC-Lavalin get a lucrative contract in Trinidad and Tobago.