Thursday 27 June 2013

SNC-Lavalin's UAE project was cover for suspect payments - Business - CBC News

"SNC-Lavalin says a gas project in the United Arab Emirates was used as a cover to transfer $13.5 million to unknown agents, a portion of the $56 million in questionable payments identified by the company in an internal investigation last year.

The Montreal-based based company said the amount was falsely attributed to the project even though the money went elsewhere. Another $20 million was also wrongly attributed to another project which SNC-Lavalin is refusing to identify.

"The payment in the UAE never actually happened," said spokeswoman Leslie Quinton."

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