The engineering and construction giant is facing criminal prosecution over alleged bribes to Libyan government officials while pursuing business in that country.
MONTREAL — As a scandal surrounding SNC-Lavalin Group Inc.’s lobbying efforts to avoid criminal charges continues to plague the federal government, it remains unclear exactly what a conviction would mean for the company.CEO Neil Bruce, who assumed leadership in 2015, has repeatedly said the organization has turned over a new leaf, and that a prosecution at this date would only punish “innocent employees”.
On Oct. 10, shares plunged more than 13 per cent after news broke that federal prosecutors had declined to negotiate the charges, making prosecution appear imminent. The U.K. serves as a major base for engineering companies in the European Union, but that bridge may crumble with the country’s impending departure from the EU.
In Canada, the restriction would apply to contracts that are “issued by a federal department or agency and contain the integrity provisions,” Public Services and Procurement Canada said in an email.
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