Firm faces fine for bribery in Lesotho as UN prepares Convention on Corruption

(October 28, 2002) Maseru, the sleepy capital of an African mountain kingdom, seems an unlikely theatre for an unfolding bribery scandal involving Western multinationals —among them Canada’s Acres International Ltd.— that has rocked the global construction industry, reports the Globe and Mail (Canada). The Oakville, Ontario-based engineering firm, convicted last month of bribing the former head of one of Africa’s biggest water projects in return for contracts worth $21 million, was in Lesotho High Court on Monday for sentencing.

Acres vows appeal

(October 28, 2002) Acres International Ltd. said Monday it was "disturbed and dismayed" by a $2.2-million (U.S.) fine levelled by a Lesotho trial judge following a bribery conviction in a major African water project and vowed to appeal both the court’s verdict and sentence.

Letter to the Editor

(October 21, 2002) Recent articles ignore EDC’s financial performance, ability to manage risks, fact that EDC is fully accountable to Parliament, EDC’s track record of consistent profitability, and contribution to Canada’s economy, writes EDC CEO Ian Gillespie.