The marketing of zombie nuclear technology by crooked Canadian firm Lavalin, to UK and China

Canada now dominates World Bank corruption list, thanks to SNC-Lavalin, Financial Post Armina Ligaya | September 18, 2013 Canada’s corporate image isn’t looking so squeaky-clean in the World Bank’s books — all thanks to SNC-Lavalin.Corruption’s double standard: It’s time to punish countries whose officials accept bribes

 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.”

As a result of the misconduct found during the probe, the Montreal-based engineering and construction firm, and its affiliates as per World Bank policy, were debarred in April 2013 for 10 years, as part of a settlement with SNC-Lavalin. And in one fell swoop, 115 Canadian firms were blacklisted by the World Bank, making Canada seemingly look like the worst offending country.

It’s quite the jump from 2012, when no Canadian companies were barred……..http://business.financialpost.com/2013/09/18/canada-now-dominates-world-bank-corruption-list-thanks-to-snc-lavalin/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: