SNC-Lavalin dealt another blow as Chilean miner cancels $260-million contract
SNC-Lavalin Group Inc., the embattled engineering firm at the heart of Canada’s biggest political crisis in years, has been dealt another blow in Chile.
SNC-Lavalin said in a statement that is “appalled” and “surprised” by the decision that puts the project’s completion and commissioning date further at risk. The company is demobilizing the job site and assessing the legal and financial impact of Codelco’s decision. It is also preparing dispute resolution actions to recover as much as possible of the previously announced losses that are due directly to the client and to poor sub-contractor performance.
SNC has been charged with paying bribes related to work in Libya more than a decade ago. Trudeau has said he supported a so-called deferred prosecution agreement for SNC because the company employs 9,000 people in Canada. The company has since indicated it was giving up on settling the fraud and corruption charges and was focusing on preparing for trial.
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