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.
Legal expert Andrew Roman joins host Vassy Kapelos on Power & Politics (CBC News) to provide legal analysis of the SNC-Lavalin case.
The Prime Minister‘s real message was: “You can either do what I want or you can do what you want. The decision is yours.” Third in a series on the SNC-Lavalin controversy by Andrew Roman.
Did the Prime Minister’s Office panic over SNC-Lavalin’s story of impeding doom? Or did they have real numbers showing the future effects of a criminal prosecution? Second in a series by Andrew Roman.
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.
Canadian aerospace giant Bombardier accused by South Korean prosecutors of making gifts to local officials in relation to a multibillion dollar metro elevated train project described as “more like a bus” in reality, a bus expected to cost Yongin taxpayers $3.5 billion over the next 30 years, including maintenance. CBC reports.
(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.
(February 13, 2013) EDC environmental decisions virtually immune from judicial review. Crown corporation sets standards and can exempt projects on its own say so.
(July 4, 2012) Chile’s HidroAysén mega-dam scheme is suddenly on hold as one of the owners of the controversial dam scheme suspends its support for the risky project.