20:16:18 EDT Mon 13 May 2024
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or Name
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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2023-06-20 C$ 33.20
Market Cap C$ 5,828,401,166
Recent Sedar Documents

Globe says SNC ex Lamarre called to L'Ordre hearing

2023-06-21 08:13 ET - In the News

The Globe and Mail reports in its Wednesday edition that the group that oversees engineering in Quebec says it has called a disciplinary hearing to question former SNC-Lavalin chief executive officer Jacques Lamarre, thrusting the company's dealings in Libya back into the spotlight. The Globe's Nicolas Van Praet writes that the L'Ordre des ingénieurs du Québec confirmed Monday that its Office of the Syndic filed a formal complaint against Mr. Lamarre June 15 after an investigation it conducted. It said a hearing of its disciplinary tribunal would be held to consider whether Mr. Lamarre infringed the organization's code of ethics and professional duties. L'Ordre did not provide any information about the nature of the allegations against Mr. Lamarre, who has been retired for several years. However, reached at home, he confirmed that it relates to SNC's dealings in Libya in the early 2000s when he was CEO. "I think this is normal. They want to know what happened in Libya," said Mr. Lamarre. SNC and two of its affiliates were charged in 2015 with violating Canada's Corruption of Foreign Public Officials Act and fraud related to its business dealings in Libya when Moammar Gadhafi was in power in the early 2000s.

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