What kind of company is SNC-Lavalin?

SNC-Lavalin is a global engineering and construction firm based in Montreal, Quebec. It works in several industries including oil and gas, mining, cybersecurity and nuclear power. It also builds public and private infrastructure around the world.

How did SNC-Lavalin get caught?

SNC-Lavalin CEO Pierre Duhaime resigned in March 2012 and was arrested by Quebec’s anti-corruption squad on charges including fraud on November 28, 2012.

What happened to SNC-Lavalin’s shares?

SNC-Lavalin shares fall nearly 14 per cent, closing at $44.86 on the Toronto Stock Exchange. That’s the lowest close since March 2, 2016. Oct. 11, 2018 – SNC-Lavalin meets with Elder Marques, a senior adviser in the Prime Minister’s Office, to discuss “justice and law enforcement.”

When did SNC-Lavalin become aware of financial irregularities in Libya?

SNC-Lavalin ‘s Board of Directors became aware of financial irregularities concerning the company’s activities in Libya by early 2009. The board raised concerns about the cost of a trip that Al-Saadi Gaddafi took to Canada in 2008—totalling $1.9 million—which SNC-Lavalin paid for.

Does SNC-Lavalin have a strong case for a remediation agreement?

During the next three months, in response to requests from prosecutors, SNC-Lavalin provides detailed information it sees as making a strong case for an agreement. Sept. 4, 2018 – The prosecution service tells SNC-Lavalin it will not invite the firm to negotiate a remediation agreement.

Why did SNC-Lavalin need a DPA?

The reasons cited in the letter were the “nature and gravity” of the case, “degree of involvement of senior officers of the organization”, and that SNC-Lavalin “did not self-report” the alleged crimes. Later in 2018, SNC-Lavalin brought a case to the Federal Court to compel the Public Prosecution Service to offer it a DPA.