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SNC-Lavalin reaches repayment agreement with Quebec

12 Dec 17 SNC-Lavalin has reached an agreement with the Canadian province of Québec under a voluntary programme covering reimbursement where fraudulent tactics have been used in public contracts.

Neil Bruce
Neil Bruce

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.

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