Company will pay $280 million fine.
SNC-Lavalin is pleading guilty to one charge of fraud in connection to their work in Libya.
The firm will pay a $280 million fine.
The guilty plea comes not long after the former SNC-Lavalin executive VP Sami Bebawi being found guilty on all counts.
Among the charges Bebawi was found guilty of was bribing Saadi Gadhafi, the son of Libya’s former dictator Moammar Gadhafi.
According to a CP report, “Under the deal, it pleaded guilty to a charge of fraud over $5,000, will pay a $280-million penalty and will be subject to a three-year probation order.
“All charges against SNC-Lavalin Group Inc. and its international marketing arm, SNC-Lavalin International Inc., have been withdrawn,” said the company in a statement.
The deal also stipulates that SNC-Lavalin will engage an independent monitor who will release scheduled reports, executive summaries of which will be posted on the company’s website, and will “make any changes to its compliance and ethics programs that are identified by the independent monitor and are required.”‘
SNC-Lavalin is still facing other charges, and speculation remains that the Trudeau Liberals may still give them a deferred prosecution agreement, despite massive opposition to that among the Canadian People.