SNC-Lavalin fraud case with links to Libya put off until February
The Canadian Press | Posted: October 16, 2015 6:11 PM | Last Updated: October 16, 2015
Proceedings were to have resumed in Montreal today but were put off until next year
The criminal case against SNC-Lavalin for alleged fraud in Libya has been delayed until next February.
The RCMP allege the Montreal-based engineering giant paid nearly $47.7 million to public officials in Libya between 2001 and 2011 to influence government decisions.
Proceedings were to have resumed in Montreal today but were put off until Feb. 26.
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The Mounties have also charged the company, its construction division and its SNC-Lavalin International subsidiary with one charge each of fraud and one of corruption for allegedly defrauding various Libyan organizations of about $129.8 million.
SNC (TSX:SNC) has previously said that it will plead not guilty and that the charges stem from alleged activities of former employees who face criminal charges.
If convicted, SNC-Lavalin could be banned from bidding on Canadian government contracts for 10 years under Ottawa's so-called integrity framework.