SNC-Lavalin and Jacques Daoust

construction division: The RCMP allege that between 2001 and 2011, SNC-Lavalin paid nearly $47.7 million to public officials in Libya to influence government decisions, according to The Toronto Star. It also charged the company, its construction division and its SNC-Lavalin International subsidiary of defrauding various Libyan organizations of about $129.8 million. Jacques Daoust described the Montreal-based company as a jewel, calling it one of the province few global companies and one that needs to be preserved at all cost. Three individuals — two former SNC executives and one of their lawyers — were previously charged by the RCMP as part of the investigation that began in 2011. Daoust added that a potential 10-year bidding ban on federal contracts under Ottawa so-called integrity framework is excessive. Although it is up to the provincial securities regulator authority to decide if companies are eligible to bid on provincial contracts, Daoust told reporters Friday he believes Quebec should continue to grant SNC-Lavalin that right even if it is barred at the federal level in the event of a conviction. (news.financializer.com). As reported in the news.