Canada now dominates World Bank corruption list

[tay]

Out of the more than 250 companies year to date on the World Bank’s running list of firms blacklisted from bidding on its global projects under its fraud and corruption policy, 117 are from Canada — with SNC-Lavalin and its affiliates representing 115 of those entries, the World Bank said.

“As it stands today, the World Bank debarment list includes a high number of Canadian companies, the majority of which are affiliates to SNC Lavalin Inc.,” said the bank’s manager of investigations, James David Fielder.

“This is the outcome of a World Bank investigation relating the Padma Bridge project in Bangladesh where World Bank investigators closely cooperated with the Royal Canadian Mounted Police in an effort to promote collective action against corruption.”


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Canada now dominates World Bank corruption list, thanks to SNC-Lavalin

 

[hunboldt]

 

[taxslave]

Of course the alternative is that without participating in bribes and kickbacks Canadian companies would not have been able to get any of those jobs.

 

[hunboldt]

Of course the alternative is that without participating in bribes and kickbacks Canadian companies would not have been able to get any of those jobs.

Then you turn it down. Devote your companies' energies to other areas of the world.

The defense of the 'intermediate firms' who dealt with Bernie Madoff et al is 'we didn't know because we didn't bother to look' but engineers are expected to have a higher standard.

 

[tay]

The former president of the federal company that owns and operates two of Montreal’s major bridges was sentenced Aug. 24 to five-and-a-half years in prison after pleading guilty to accepting more than $2 million

Michel Fournier admitted to taking over $2.3 million from Montreal-based engineering giant SNC-Lavalin in connection with a contract the company received to repair the Jacques Cartier

Fournier was president and director general of Federal Bridge Corp. and president of Jacques Cartier and Champlain Bridges Inc. between 1997-2004.

A consortium led by SNC-Lavalin obtained the $127-million contract of public money to repair the Jacques Cartier Bridge in October

Fournier told the court SNC-Lavalin deposited the money in Swiss bank accounts and that he had tried to hide the source of the cash.
Court documents stated Fournier lost a significant amount of the money in the stock market.



The government was only able to confiscate $775,000.


Fournier was charged in 2016.


Former federal bridge president jailed for accepting bribes from SNC-Lavalin - Canadian Manufacturing

 

[petros]

We're #1 We're #1 We're #1

 

[Curious Cdn]

We're #1 We're #1 We're #1

Canada is a terrible place! I, for one, agree that you should leave it to improve yourself.

 

[Cliffy]

Ironic that the World Bank has the nerve to point fingers at others when, with the possible exception of the Fed and the Vatican, they are about the most corrupt organization on the planet.