SNC-Lavalin Accused of Offering Bribes to Six Officials

The international corruption probe into alleged fraud, money-laundering, bribes and unlawful payments by AltaLink’s parent company, SNC-Lavalin, continues.

Today, the Canadian Press  wrote, “Embattled engineering giant SNC-Lavalin allegedly offered large bribes to at least six influential Bangladeshi officials, including two former government ministers, to obtain a lucrative bridge contract, the Dhaka Daily Star reported Thursday…Among the officials allegedly bribed by the Montreal-based company was then communications minister Syed Abul Hossain, who now heads the department of Information and Communications Technology. The others are former state minister for foreign affairs Abul Hasan Chowdhury; former secretary of the bridges division of the communications ministry Mosharraf Hossain Bhuiyan; Rafiqul Islam, ex-director of Padma Multipurpose Bridge project, along with three businessmen working on the project.

The Daily Star said RCMP investigators could arrive in Bangladesh in the coming days to share details and collect more information from the commission…

The accusations of bribery prompted the World Bank to suspend a US$1.2 billion loan and temporarily barred the SNC-Lavalin subsidiary from bidding on other contracts in the country. SNC-Lavalin is also under investigation over $56 million of payments to unidentified foreign agents.”

For more information on the SNC-Lavalin scandal and AltaLink, see this link and Making Money by Making Friends

~ by RETA on June 21, 2012.

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