DAILY NEWS Nov 30, 2012 11:51 AM - 1 comment

SNC-Lavalin responds to arrest of former CEO

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By: On-Site staff

SNC-Lavalin recently responded to the arrest of its former CEO Pierre Duhaime.

The Montreal-based engineering firm released this statement on Nov. 28 in response to Duhaime’s arrest:

“We have just been informed of the arrest of Pierre Duhaime. We have not been made officially aware of the specifics of any charges that may have been laid against him and are not able to comment further.
As we have stated repeatedly, SNC-Lavalin has and will continue to cooperate fully with all authorities who request our assistance. We have voluntarily turned over information that we have to local and other authorities for them to take any actions that they may consider appropriate.
We are unequivocal that no unethical behavior or illegal acts must ever be tolerated. We believe that anyone found to have committed any wrongdoing should be brought to justice.
The Company remains committed to maintaining ethical standards of business conduct.  We have procedures in place, including a Code of Ethics and Business Conduct, which every employee is obliged to sign and follow. Over the last number of months we have instituted, and continue to institute, measures to reinforce those procedures and strengthen internal controls and processes.”

To read more about Duhaime’s arrest, check out CBC’s recent report by clicking here.

Source: SNC-Lavalin.

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Reader Comments

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Pete South

When will the hot water end for SNC? - my share values have plummeted!

Posted December 11, 2012 02:33 PM

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