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home / news releases / SNCAF - Thoughts On SNC-Lavalin


SNCAF - Thoughts On SNC-Lavalin

A Quebec judge has ruled that Canadian engineering and construction company SNC-Lavalin Group, Inc. [TSX:SNC] (SNCAF) will stand trial on bribery and corruption charges related to projects in Libya that date back from 2001 to 2011 when Muammar Gaddafi was in power. The preliminary finding stated that there is enough prima-facie evidence against SNC-Lavalin for the engineering corporation to be tried on fraud and bribery charges. The details of the ruling are not public. The government has accused SNC-Lavalin of paying ~$48 million in bribes to Libyan officials as well as defrauding Libya of ~$130

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Stock Information

Company Name: SNC-Lavalin Group Inc
Stock Symbol: SNCAF
Market: OTC
Website: snclavalin.com

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