SNC-Lavalin Hit with New Corruption Allegations

RETA SNC-Lavalin logo on lawn recent imageQuebec-based SNC-Lavalin, which wholly owns AltaLink and is building AltaLink’s high voltage power lines in Alberta, is in the midst of numerous Canadian and international corruption investigations that involve allegations of fraud, bribery and money laundering. Following are a few of the more recent developments.

Only days after a senior SNC-Lavalin executive left the scandal-plagued company, Bangladeshi officials have accused him of conspiring to bribe government officials (Globe and Mail). The Globe writes, “Kevin Wallace, who up until early December had been the president of SNC’s wholly owned subsidiary, Candu Energy Inc., is the latest in a growing number of senior SNC officials who have either left the company or been fired amid allegations of corruption…at least six officials have left the company under a cloud, including former chief executive officer Pierre Duhaime, who was charged with fraud in Quebec in RETA corruption imageNovember.” The latest allegations are in relation to the Bangladesh Anti-Corruption Commission’s (ACC) and World Bank’s investigations into SNC’s questionable participation in the Padma Bridge project.

The Bangladesh ACC also sued 7 individuals this week, and will send a team to Canada to quiz 3 Canadians as part of the “Padma Bridge graft conspiracy case” involving SNC-Lavalin (Daily Star).

Also this week, the Indian Central Bureau of Investigation said that two of the accused in another SNC-Lavalin corruption case were “in fact interfering with the decision of the honourable court to secure the presence” of Klaus Triendel, former VP of SNC-Lavalin (FCPA Blog). Mr. Triendel and SNC-Lavalin are in the midst of a corruption scandal in India that involves the questionable renovation of hydro electric power stations at Pallivasal, Sengulam and Panniar (PSP Project). Several Indian politicians have also been charged and prosecuted in this case.

See Alberta Primetime for information on SNC-Lavalin activities in Alberta, and Making Money by Making Friends for information on SNC’s/AltaLink’s relationship with the Alberta P.C. Party.

~ by RETA on December 19, 2012.

 
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