Post by clone on Jul 13, 2012 22:17:11 GMT -8
May 4, 2012 8:35:19 GMT -8 @clone said:Chair Gwyn Morgan, interim CEO Ian Bourne and others discussed the company's results at SNC-Lavalin's annual general meeting in Toronto. But investors most wanted to probe executives at the Montreal-based engineering giant about a scandal unfolding in Mexico and Libya.
SNC-Lavalin wins Alberta contract as corruption scandal deepens
MONTREAL— SNC-Lavalin Group Inc. has been awarded a contract by AltaLink LP for work on portions of transmission infrastructure projects in Alberta, the Montreal-based engineering giant said Tuesday.
The contract — estimated by an industry analyst to be worth about $1.6 billion — comes as SNC-Lavalin tries to shake off scandals that have depressed its stock price as well as its staff.
In announcing the contract, the company took pains to point out that it was awarded “following an open and competitive process” overseen by an independent fairness adviser.
Quebec corruption inquiry could expose links between Mafia, politics and construction
Capo | May 21, 2012
Accurso was arrested last month on fraud and conspiracy charges relating to an alleged kickback scheme in a Montreal suburb.
His business empire has a heavy presence in Ontario and Alberta. Louisbourg Pipelines, a division of Simard-Beaudry Construction Inc., was responsible for building a section of TransCanada’s North Central Corridor pipeline in 2008.