Export Development Canada (EDC) has hired an outside lawyer to examine SNC-Lavalin's contract to work on the Matala Dam in Angola. The agency provided the company with between $250 million and $500 million worth of "political risk insurance" for the deal.
A spokeswoman for the Crown agency said EDC would have never knowingly taken part in any transaction involving bribery or corruption.
"We made the decision to review the Angola matter immediately upon hearing about a new and serious allegation," Jessica Draker wrote in an emailed statement.
"Specifically, the allegation was that EDC turned a blind eye to improper or illegal payments regarding the Angola project."
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