Canadian engineering giant SNC-Lavalin Group Inc. has announced it is in the midst of a major internal investigation into $35 million in undocumented payments tied to its construction projects in Libya.
News of the probe comes on the heels of resignations earlier this month of the executive vice-president of SNC-Lavalin’s contruction arm, Riadh Ben Aïssa, and financial controller, Stephane Roy.
CBC News investigation has learned the probe, which was announced this week, began in December after an anonymous "poison pen" letter sent to senior executives and board members outlined a string of unproven criminal allegations involving kickbacks, misuse of supply companies and suggestions that the company has for years been used to funnel money from SNC-Lavalin through “shell companies” back to members of Libya’s Gadhafi family.
According to a number of insiders, the letter was taken seriously and served as a ‘tipping point’ to launch internal audits, especially of the company’s dealings in North Africa.
http://www.cbc.ca/news/canada/story/2012/02/28/snc-lavalin-internal-probe.html
Feb 28, 2012 6:48 PM ET
Canadian Cyndy Vanier, a consultant who allegedly had dealings with SNC-Lavalin, has been imprisoned in Mexico since November, accused of plotting to smuggle Gadhafi family members into Mexico. (Courtesy the MacDonald family)
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