What the SNC board may have known about the firm’s dealings in Libya — like the office safe with $10M cash
There’s no question that millions of dollars in bribes were paid to the Gadhafi regime in Libya to win lucrative contracts for SNC-Lavalin.
The former head of the company’s global construction arm admitted to bribery, corruption and money laundering in 2014. He pleaded guilty in a Swiss court.
But the Quebec-based engineering firm has long insisted that Riadh Ben Aïssa was acting alone and in secret.
“The Libyan bribes were disguised by Riadh Ben Aïssa as part of normal project costs,” former board chair Gwyn Morgan told CBC News in a recent email. “There was simply no means for board members to detect them.”
Ben Aïssa has a very different story to tell. He is back in Canada after having spent more than two years in prison in Switzerland.
He has turned on his former executives and board of directors and has been co-operating with police and prosecutors.
If called to testify at an SNC-Lavalin trial, he could expose who else in the senior ranks may have known about $47.7 million in bribes and $130 million in fraud tied to projects in Libya — crimes the RCMP alleges were committed by the company between 2001 and 2011.
SNC-Lavalin has been lobbying hard behind the scenes to secure what’s called a deferred prosecution agreement (DPA) to avoid going to trial. The company, as well as its supporters in government, argue thousands of jobs are at risk if it is convicted and barred from bidding on federal contracts. – CBC News
read full article here
Hmmmm….I am sure that the former Board of Directors members are using every high level political connection they can to avoid any trial. I would not doubt that the present Board members are doing the same.
This from a previous post:
Under comments on the above articleYou can have an opinion and march to the party line. That is what good foot soldiers do. However this scandal is more about the PM himself getting involved due to a family friend . His name is Jacques Bougie, recipient of the order of Canada is listed as a director at SNC-Lavalin Group, a director at McCain’s foods (Bill Morneau’s wife’s company) and listed as a mentor at the Pierre Elliott Trudeau Foundation. Close buddy of Jr????