The charges stem from an investigation into a bribery case involving a project to refurbish the Jacques-Cartier Bridge
The RCMP announced on Thursday it had arrested two former SNC-Lavalin executives in connection with an investigation into a bribery case at the federal bridges authority.
Normand Morin, a former vice-president of SNC-Lavalin, and Kamal Francis, a former vice-president of SNC-Lavalin International, were arrested Thursday morning and they, along with the corporate entities of SNC-Lavalin Inc. and SNC-Lavalin International Inc., face charges of fraud and conspiracy.
The two men have been freed pending their next court appearance on Sept. 27.
The charges date back to incidents that occurred between 1997 and 2004. Michel Fournier, former head of the Federal Bridges Authority, admitted receiving bribes of $2.23 million in connection with a project to refurbish the Jacques-Cartier Bridge.
Fournier was sentenced in 2017 to five and a half years in prison, but no charges were laid against those alleged to have offered the bribe.
SNC didn’t immediately reply to a request for comment. Shares fell as much as 3.3% in Toronto trading, and were down 2.2% to C$36.13 at 10:11 a.m.
The charges were announced as the company sought to move past legal troubles that set off a Canadian political scandal and were settled in 2019. It has picked a new chief executive officer, reorganized and announced an asset sale in an effort to get a fresh start.
— With files from Bloomberg