Category: Odious Debts

Indian high court splits trial charge sheet in SNC-Lavalin graft case

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(June 27, 2013) The Kerala High Court has directed India’s Central Bureau of Investigation (CBI) to divide the SNC-Lavalin trial charge sheet so the trial can begin. Two of the nine accused, SNC-Lavalin VP Klaus Triendl and SNC-Lavalin itself, have failed to appear in court despite several summons. According to press reports, Indian authorities are now seeking the extradition of Mr. Triendl, but Canada’s Department of Justice won’t confirm or deny the existence of the extradition request “due to the confidential nature of state-to-state communications.”

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China’s electricity sector undisciplined by markets, distorted by Party

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(May 24, 2013) The iron fist of government controlling China’s electricity sector is not only costing China’s power consumers dearly, it is also the cause of serious distortions in the country’s power markets, says a new study by one of China’s preeminent think tanks.

SNC-Lavalin executive reveals illegal political donations before corruption inquiry

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(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.

Omen on the Yangtze

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(April 17, 2012) Twenty years ago this month, China’s epic Three Gorges Dam received construction approval from the Chinese government, with the blessing of a Canadian government report: both governments stood to benefit from the ill-conceived state vanity project at great cost to many. Probe International’s Patricia Adams looks back at how the symbol of China’s ‘rise’ has become an omen of all that is wrong with China and why a country like Canada would inflict such risks on citizens elsewhere.

Nationalizing China

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(June 24, 2011) China is heading for a degree of government ownership and central planning unseen since Mao’s passing. This Financial Post article by Probe International’s Patricia Adams looks at the advance of the state at the expense of China’s private sector and its foreign competition. In fact, she notes, western companies – feeling unwanted – are beginning to pull up stakes in China. And that suits China just fine.