Hey there, time traveller!
This article was published 26/6/2013 (1458 days ago), so information in it may no longer be current.
MONTREAL -- SNC-Lavalin says a gas project in the United Arab Emirates was used as a cover to transfer $13.5 million to unknown agents, a portion of the $56 million in questionable payments identified by the company in an internal investigation last year.
The Montreal-based company said the amount was falsely attributed to the project but the money went elsewhere. Another $20 million was wrongly attributed to another project SNC-Lavalin refuses to identify.
"The payment in the UAE never actually happened," said spokeswoman Leslie Quinton.
The identity of the gas complex in Abu Dhabi surfaced after a French newspaper, L'Union de Reims, disclosed this week French authorities were investigating the payment.
A French prosecutor launched an investigation last summer after an external auditor found "anomalies" in the SNC-Lavalin Europe accounts.
Last November, police raided the SNC-Lavalin Europe headquarters, then in Reims, believing the $13.5 million was a commission paid to the project in Abu Dhabi.
But the money never went there, even though the accounting code for the Abu Dhabi project suggested it had, Quinton said. SNC-Lavalin later reimbursed the amount to correct the error.
SNC-Lavalin has said its internal investigation found $56 million was distributed to what it described as projects A and B. Project A totalled $33.5 million. Project B, which received $22.5 million, was later identified as Montreal's new super hospital.
"It had nothing to do with them; it was related to the ill-begotten gains of Project A," she said, referring to the mystery project.
-- The Canadian Press