Thursday, December 19, 2019

SNC-LAVALIN GUILTY OF FRAUD, PAYS $280M PENALTY




   Prime Minister Justin Trudeau says his government might have acted differently had it known the criminal case against SNC-Lavalin would be resolved without crippling the company or throwing thousands of its employees out of work.
   “Obviously, as we look back over the past year and this issue, there are things we could have, should have, would have done differently had we known, had we known all sorts of different aspects of it,” he said Wednesday in a year-end interview with The Canadian Press, just hours after the Montreal engineering giant pleaded guilty to one charge of fraud.
    Under the agreement, its construction division pleaded guilty to a charge of fraud over $5,000, will pay a $280-million penalty and will be subject to a three-year probation order. The remaining charges were stayed.

   It boggles the mind that Trudeau was willing to risk so much to let SNC-Lavalin off the hook with a DPA, which would have seen them avoid facing a ban from bidding on government contracts.

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