MONTREAL – SNC-Lavalin (TSX:SNC) says it will reimburse Quebec municipalities and agencies an undisclosed amount of money to settle contracts it obtained through fraudulent acts.
The provincial government launched a program last November that gave companies and individuals two years to voluntarily repay funds they received through ill-gotten contracts dating back to 1996.
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Top SNC-Lavalin executives testified before the Charbonneau corruption inquiry that the company illegally donated money to provincial and municipal political parties to obtain work contracts.
Following an internal investigation, the Montreal-based firm said it will submit proposals in the coming days for fraudulent contracts relating to work in Montreal, Laval, Quebec City and Saint-Cyprien in the Lower St. Lawrence.
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Other municipalities or public bodies that feel wronged can present evidence as to why they should obtain restitution.
In its news release, SNC-Lavalin makes no mention of provincial contracts.