Etiqueta: edc

EDC investigating claim it backed corrupt Angola dam contract for SNC-Lavalin

OOTTAWA —Export Development Canada (EDC) is reviewing its decision to provide up to half a billion dollars worth of insurance in 2011 for an SNC-Lavalin contract in Angola after learning of an allegation the company may have won the bid with help from bribes.

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EDC investigating claim it backed SNC-Lavalin on corrupt Angola dam contract

OTTAWA — Export Development Canada says it’s reviewing support it gave to SNC-Lavalin after learning of an allegation the agency backed the company on a dam project in Angola that it won corruptly.

The accusation, first reported by CBC News, is based on information from an unnamed insider at the beleaguered construction and engineering company.

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