CTV News Channel
The criminal fraud case against engineering giant SNC-Lavalin has been put off until Oct. 16 after the disclosure of additional evidence to the defence.
SNC-Lavalin has filed a lawsuit seeking to recover more than $127 million that it alleges was embezzled by two former senior executives and their associates.
SNC-Lavalin says Ian Bourne, who has helped lead the company through a period of reform following a recent bribery scandal, has stepped down as chairman and a member of the board of directors.
SNC-Lavalin's shares hit a more than two-year low Thursday after the embattled engineering and construction firm issued an outlook for 2015 that disappointed industry analysts.
Quebec's economic development minister says he's worried about SNC-Lavalin's future in the face of corruption and fraud charges against the engineering giant over its dealings in Libya.
The RCMP has laid fraud and corruption charges against Montreal-based engineering firm SNC-Lavalin and two of its subsidiaries following an investigation into the companies' dealings in Libya.
SNC-Lavalin says an allegation that some of its executives may have broken federal political donation rules is the “subject of an ongoing internal investigation.”
SNC-Lavalin executives involved in an illegal political slush fund for Quebec provincial parties may have conducted the same practice at the federal level, CTV News has learned.
A former SNC-Lavalin executive who was appointed to Montreal’s port authority was allowed to remain on the public payroll for months, despite known links to an illegal fundraising scheme, CTV News has learned.
A former SNC-Lavalin senior executive was granted bail Wednesday on fraud-related charges in connection with a $1.3-billion superhospital project.
SNC-Lavalin plans to move quickly to implement its decision to reduce the company's global workforce, with about a quarter of the planned 4,000 layoffs coming in Canada.