MONTREAL, June 19, 2020 /CNW Telbec/ - SNC-Lavalin
Group Inc. (TSX: SNC) announced that it has reached a
settlement with the Competition Bureau and the Public Prosecution
Service of Canada in relation to
the Company's role in anti-competitive activities involving several
industry players related to infrastructure contracts with different
municipalities in the Province of Quebec between 2003 and 2012.
As part of the settlement, SNC-Lavalin has agreed to pay
$1.9 million to the Receiver General
for Canada. The settlement takes
into account the fact that the Company previously reimbursed the
overpayments related to its role in those activities through the
Government of Québec's Voluntary Reimbursement Program, the
individuals involved in the activities are no longer employed by
SNC-Lavalin, and the Company will be maintaining its robust
corporate integrity program.
The Company is pleased that it was able to proactively resolve
this legacy matter.
In 2012, the Company initiated a series of significant changes
and enhancements to reinforce its ethics and compliance procedures
company-wide. SNC-Lavalin has since undertaken an integrity
journey and redefined its policies and practices and moved
beyond ethics and compliance by fostering a culture of integrity.
In 2019, SNC-Lavalin was awarded the Compliance Leader
Verification from Ethisphere Institute, recognizing the
Company's integrity program and its genuine commitment to integrity
in all of its actions.
For more information about SNC-Lavalin's Integrity Program click
here https://bit.ly/2YaWXdK
About SNC-Lavalin
Founded in 1911,
SNC-Lavalin is a fully integrated professional services and project
management company with offices around the world. SNC-Lavalin
connects people, technology and data to help shape and deliver
world-leading concepts and projects, while offering comprehensive
innovative solutions across the asset lifecycle. Our expertise is
wide-ranging — consulting & advisory, intelligent networks
& cybersecurity, design & engineering, procurement, project
& construction management, operations & maintenance,
decommissioning and sustaining capital – and delivered to clients
in four strategic sectors: EDPM (engineering, design and project
management), Infrastructure, Nuclear and Resources, supported by
Capital. People. Drive. Results.
www.snclavalin.com
SOURCE SNC-Lavalin