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SNC-Lavalin pleads guilty to fraud during its 2001-2011 activities in Libya
SNC-Lavalin's construction division will pay a $280-million fine over five years and will be placed on probation for three years after the company pleaded guilty Wednesday to a charge of fraud over $5,000.
...
Under federal law, a conviction could result in a bidding ban for federal projects for up to 10 years. It could also prompt a ban on bidding for projects backed by the World Bank.
The company said it does not believe the guilty plea will affect the eligibility of SNC-Lavalin Group companies to bid on future projects. The construction division has not bid on any new contracts since the charges were laid in 2015.
...
Quebec Premier François Legault said he is happy there will be consequences for one division of the company.
He said so far, he has heard that the company will be able to protect jobs.
https://www.cbc.ca/news/canada/montreal/snc-lavalin-trading-court-libya-charges-1.5400542
SNC-Lavalin's construction division will pay a $280-million fine over five years and will be placed on probation for three years after the company pleaded guilty Wednesday to a charge of fraud over $5,000.
...
Under federal law, a conviction could result in a bidding ban for federal projects for up to 10 years. It could also prompt a ban on bidding for projects backed by the World Bank.
The company said it does not believe the guilty plea will affect the eligibility of SNC-Lavalin Group companies to bid on future projects. The construction division has not bid on any new contracts since the charges were laid in 2015.
...
Quebec Premier François Legault said he is happy there will be consequences for one division of the company.
He said so far, he has heard that the company will be able to protect jobs.
https://www.cbc.ca/news/canada/montreal/snc-lavalin-trading-court-libya-charges-1.5400542