Last Updated Wednesday, May 29, 2019 3:13PM EDT
The Montreal-based engineering and construction giant is accused of paying $47.7 million in bribes to public officials in Libya between 2001 and 2011. The company, its construction division and a subsidiary also face one charge each of fraud and corruption for allegedly defrauding various Libyan organizations of $129.8 million.
"The director of public prosecution has made a decision in that regard," said prosecutor Richard Roy, asked by reporters whether SNC-Lavalin could still secure an agreement and sidestep a trial.Prime Minister Justin Trudeau has argued that a criminal trial could trigger the company's exit to the United States and the loss of thousands of jobs, a sentiment that was supported by an internal SNC-Lavalin document obtained by The Canadian Press.
Experts viewed the ruling as expected, though that didn't stop SNC shares from falling more than four per cent to below $24 in midday trading Wednesday, capping off a month marked by successive 10-year lows. "They would make sure that their potential clients and current clients around the world are aware of it, and go, 'Even their own government doesn't trust them,"' Moore said, echoing concerns from the CEO.
In a wide-ranging interview Wednesday, Wilson-Raybould said SNC-Lavalin's trial "will proceed in the way that it's supposed to proceed.
Source: Law Daily Report (lawdailyreport.net)
SNC has always been corrupted look what they did with the CHUM in Quebec & the Government kept giving them contracts to punish them.
Oh yeah
Let the games begin !
Yess. And let see what our new Trudeauite AG will do. I’m sure no undue pressure will be put on him -right Justin Trudeau? You chose him specifically to do what you want him to do for your buddies with fat money envelopes for you at SNCL
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Court rules SNC-Lavalin must stand trial on bribery, fraud chargesJudge Claude Leblond of the Quebec Court has decided there is enough evidence to move ahead with a trial globebusiness WWWWWHHHOOOOOOEEEEEEE!!!!!!! globebusiness So how does a corporation stand trial? globebusiness This trial against SNC-L, will cost far more than the DPA and probably will end up with a similar result. Thanks JWR.
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