More on AltaLink’s Parent Company Corruption Probe

More news on the corruption probe into AltaLink’s parent company, SNC-Lavalin…

The Canadian Press and Globe and Mail report that two former SNC-Lavalin executives face charges of corrupting foreign officials under the Corruption of Foreign Public Officials Act in relation to a bridge project in Bangladesh. On February 20, 2012, the RCMP anti-corruption team arrested Ramesh Shah of Oakville and Mohammad Ismail of Mississauga, but the news did not emerge until this week. Shah had been a vice-president and Ismail was director of international projects at SNC-Lavalin in Toronto.

RCMP have raided SNC-Lavalin offices two times within the past year – SNC-Lavalin’s Oakville office last September, and SNC-Lavalin’s Montreal headquarters in April of this year.

The Globe and Mail writes, “The latest arrests appear related to the first raid, in Oakville, because an RCMP statement said the force informed its counterparts in Bangladesh, the Anti-Corruption Commission (ACC), about the arrests. The ACC has been investigating allegations of bribery that prompted the World Bank to suspend a $1.2 billion (U.S.) loan and temporarily ban an SNC-Lavalin subsidiary from bidding on contracts in the country.”

For more on SNC-Lavalin’s corruption woes, see Trace, Trace Compendium and this link which provide details on the various fraud, bribery, and money-laundering allegations and lawsuits against the company.

~ by RETA on June 23, 2012.

 
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