Former SNC-Lavalin CEO rejects accusation firm paid bribes with EDC money

Former SNC-Lavalin CEO rejects accusation firm paid bribes with EDC money

Quebec business mogul jacks Lamarre says ‘we never took any chances’ in foreign projects

jacks Lamarre, seen in this 2005 photo, was CEO of SNC-Lavalin from the mid-1990’s until 2009. (Adrian Wyld/Canadian Press)

The former CEO of SNC-Lavalin has lashed out at allegations made by an unnamed company insider, denying taxpayer-backed loans from Canada were ever used to pay bribes under his watch.

“People who talk behind the scenes — they are just chicken,” said jacksLamarre in an interview with CBC News.

CBC News is not naming the SNC-Lavalin insider, who worked on numerous EDC-backed projects, as he fears for his job.

On Wednesday, CBC News reported claims from the insider that it was an “open secret” in the company that money intended for bribes overseas was buried in budgets, disguised as “technical fees” in applications for financing from Export Development Canada

EDC is a Crown agency that provides financial backing and insurance to Canadian companies operating in other countries. Over the past 25 years, EDC has provided up to $4.7 billion in loans to SNC-Lavalin.

The agency says the claim from the insider has prompted it to hire outside legal counsel to review at least one former deal with SNC-Lavalin.

CBC INVESTIGATESSNC-Lavalin insider’s bribery allegations spark probe by Crown agency that loaned the firm billions

Lamarre was CEO of SNC-Lavalin from the mid-1990’s until 2009. The Quebec business mogul was in charge of thousands of projects — some of which became mired in corruption and bribery allegations, resulting in numerous police investigations and, in 2014, the conviction of the head of the company’s construction division.

He says “technical fees” were often used to hire local staff in foreign countries where it was “very difficult” for SNC-Lavalin to establish operations. According to Lamarre, all contractors were required to

Quebec business mogul jacks Lamarre says ‘we never took any chances’ in foreign projects

jacks Lamarre, seen in this 2005 photo, was CEO of SNC-Lavalin from the mid-1990’s until 2009. (Adrian Wyld/Canadian Press)

The former CEO of SNC-Lavalin has lashed out at allegations made by an unnamed company insider, denying taxpayer-backed loans from Canada were ever used to pay bribes under his watch.

“People who talk behind the scenes — they are just chicken,” said jacksLamarre in an interview with CBC News.

CBC News is not naming the SNC-Lavalin insider, who worked on numerous EDC-backed projects, as he fears for his job.

On Wednesday, CBC News reported claims from the insider that it was an “open secret” in the company that money intended for bribes overseas was buried in budgets, disguised as “technical fees” in applications for financing from Export Development Canada

EDC is a Crown agency that provides financial backing and insurance to Canadian companies operating in other countries. Over the past 25 years, EDC has provided up to $4.7 billion in loans to SNC-Lavalin.

The agency says the claim from the insider has prompted it to hire outside legal counsel to review at least one former deal with SNC-Lavalin.

CBC INVESTIGATESSNC-Lavalin insider’s bribery allegations spark probe by Crown agency that loaned the firm billions

Lamarre was CEO of SNC-Lavalin from the mid-1990’s until 2009. The Quebec business mogul was in charge of thousands of projects — some of which became mired in corruption and bribery allegations, resulting in numerous police investigations and, in 2014, the conviction of the head of the company’s construction division.

He says “technical fees” were often used to hire local staff in foreign countries where it was “very difficult” for SNC-Lavalin to establish operations. According to Lamarre, all contractors were required to

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