Home > Economy > SNC-Lavalin pleads guilty to fraud for past work in Libya, will pay $280M fine | CBC News

SNC-Lavalin pleads guilty to fraud for past work in Libya, will pay $280M fine | CBC News

A division of SNC-Lavalin Group Inc. has pleaded guilty to fraud over $5,000 in relation to the company’s activities in Libya, ending the criminal case at the center of one of the year’s biggest political controversies.

SNC-Lavalin Construction, the division in question, paid $127 million to two shell companies between 2001 and 2011, according to an agreed statement of facts presented in a Montreal courtroom Wednesday.

Duvel Securities Inc. and Dinova International Inc. both listed as the sole beneficial owner Riadh Ben Aissa, a former top executive of the company who pleaded guilty in Switzerland to bribery and laundering millions to win SNC-Lavalin contracts in Libya.

Source: SNC-Lavalin pleads guilty to fraud for past work in Libya, will pay $280M fine | CBC News

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