The agreement covers all the public bodies of Québec that have received its offer under a voluntary reimbursement programme (VRP) in the province. On 1 November 2015, the Québec government brought into force the programme to recover amounts improperly paid in the last 20 years as a result of fraud or fraudulent tactics in connection with public contracts.
Individuals and companies wishing to take advantage of the programme had until 1 November 2016, to submit a notice of their intention to take part, and until 15 December this year to agree on a settlement.
“We are very pleased to have reached a settlement under the VRP,” said SNC-Lavalin president and chief executive Neil Bruce. “For the last few years now, SNC-Lavalin has publicly said on numerous occasions that it is willing to work to reach an agreement, and we are proud to have achieved this important step.”
SNC-Lavalin publicly offered all of Québec’s public bodies to avail themselves of the VRP.
The settlement is seen by the company as final and fair; the terms remain confidential under the programme and its enabling statute.