Preview

SNC Lavalin

Good Essays
Open Document
Open Document
1149 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
SNC Lavalin
About SNC Lavalin
SNC Lavalin is the largest construction and engineering company in Canada. The company was founded in 1911, and has since expanded to have offices not only all across Canada, but also in 35 other countries. SNC Lavalin offers services such as, engineering, construction, project financing and management and so on. These services are provided to industries for construction, mining, mass transit, pharmaceuticals and environment; just to name a few. On its website, the company lists seven priorities that are part of its business strategy for success; operational excellence, improve competitiveness, stronger relationships with clients, geographic diversification and growth of markets and offerings, recruit and develop the best talent in the industry, financial strength, and finally, corporate social responsibility.1

Recent News Scandals
SNC Lavalin has had its share of scandals in the last few years. The most current stain on the company’s record regards former chief executive Pierre Duhaime and other top executive Riadh Ben Aissa. Mr. Duhaime currently faces charges of fraud, conspiracy to commit fraud and issuing false documents.2 Riadh Ben Aissa faces his own charges for alleged corruption, fraud and money-laundering in North Africa.3 Both men are under suspicion of having used bribery to attain the contract for the construction of the McGill University Health Centre, a 1.3 billion dollar project. Unfortunately, this is only a scratch on the surface of the company. SNC Lavalin was also involved in a scandal with former Libyan ruler Moammar Gadhafi. Ben Aissa was also accused of his involvement in bribing Gadhafi’s son with $160 million in order to gain contracts in Libya. On top of this, accusations were made that Ben Aissa and Stephane Roy, former controller of SNC Lavalin, attempted to smuggle Gadhafi’s son and family into Mexico during their fall from Libyan rule.4

Ethical Lapse
The public may never find out if the scandals surrounding

You May Also Find These Documents Helpful

  • Good Essays

    This case discusses the ethical decision the Quebec Foundation of Labor’s Solidarity Fund had to make as to how to proceed in its relationship with Gildan Activewear. The Solidarity Fund began investing in Gildan in 1995. Gildan grew, expanding to the US and Honduras to pursue vertical integration. In 2002, the Canadian Broadcasting Corporation aired an exposé depicting the deplorable conditions of operations in Gildan’s El Progreso factory. Outside monitoring agencies performed audits and pressured Gildan at the 2003 shareholder’s meeting to perform an audit to review working conditions and recent firings of workers attempting to unionize. Gildan asked the Solidarity Fund to audit its Honduras operations. Upon completion, auditors were convinced Gildan fired the employees due to unionization attempts. In November 2003, the Solidarity Fund had to decide whether to remain invested, use its voting power to transform the company’s behavior, or sell all equity and call loans.…

    • 1259 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    In a similar case Kerry F. Khan was a program manager for the U.S. Army Corps of Engineers that was charged with conspiracy, bribery, unlawful kickbacks, conspiracy to launder monetary instruments and criminal forfeiture. According to the U.S. Attorney Ronald C. Machen (2013), “Kerry Khan was the ringleader of the largest bribery and bid-rigging scheme in the history of federal contracting,” said U.S. Attorney Machen. “His corrupt network of public officials and private contractors looted the U.S. Treasury for years” (para. 8). For the act committed by Khan he was sentenced to 19 years in prison.…

    • 96 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    After a complete analysis of the situation, our team believes that the whistle blower at SNC-Lavalin was justified. To come to such a conclusion we can borrow an analysis of the ethics of whistleblowing created by philosopher Richard DeGeorge.…

    • 1698 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Finance 4400 Report Paper

    • 1758 Words
    • 8 Pages

    On Monday, September 8, 1988, Greg Rudka, managing director at Scotia Capital, called James Vaux to office to discus about a story that has appeared in the newspaper that morning. There is a resignation of former president and chief operation officer in Oshawa Group Limited. Their client Empire Company Limited interested in takeover Oshawa to expanding beyond their Atlantic Canada roots.…

    • 1758 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    This report addresses the underlying organisational causes of the AWB scandal, whereby AWB paid kickbacks to Iraq in defiance of the rules of the Oil-for-Food programme, instituted by the United Nations (Cole 2006) In so doing, it will consider the evidence and conclusions presented in the Cole inquiry, a Royal Commission established to investigate the conduct of several Australian companies in relation to the program.…

    • 5663 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Many of us have heard of Pierre Peladeau, a man who built a multi-billion dollar company from a $1,500 loan. He is one of the most famous entrepreneurs of Quebec history. There is no doubt that he achieved a lot during his life time and there is no doubt that a lot of it was good. He was and is still an icon of Canadian business world. For instance, he was known for donating millions to charities and even visiting dying strangers in Montreal hospitals. However, nothing is perfect and there is always a dark side that, for many people, is unrevealed and unknown. This paper demonstrates that Pierre Peladeau is not a good role model for business students because the bad things he did overshadow the good ones.…

    • 745 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Parmalat Case

    • 796 Words
    • 4 Pages

    Parmalat is a multinational Italian dairy food corporation that today represents one of the biggest fraud scandals that has marked history in Europe. What happened and why weren’t the scandalous activities detected beforehand? Parmalat’s investigation was triggered when it “defaulted on a $187 million bond payment in mid-November 2002.” This led to further revelation of the nonexistence of $4 billion worth of claimed bank deposits held by a subsidiary in the Cayman Islands in a Bank of America account. The company was basically falsifying accounts in order to increase assets and hide losses. The increase in assets would influence the public to believe that they were in a good position which in turn allowed them to continue borrowing money from investors and creditors. Grant Thornton was the company’s auditor from 1990 to 1999, but that changed when the company was forced to change auditors under Italian law. Grant Thornton remained in charge of auditing services provided to off-shore subsidiaries located in the Cayman Islands.…

    • 796 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Stratton & Ogilvey was a Toronto based consulting company that paid the company owned by Mathur’s wife. It is not clear as to whether the company itself was legitimate or merely a front to attempt to hide the funds from being directly linked to Mathur. Due to the investigation and conviction the company is no longer in existence. Mathur himself was facing jail time due to his unethical behavior. I was unable to find details of the sentencing results in my search. As previously mentioned society overall was not greatly affected by the unethical behavior. The main effects on society continue to be the efforts to prevent actions like Mathur predicated and the unknown number of companies that did not receive government grants due to the unethical actions of…

    • 865 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Madoff Securities

    • 3488 Words
    • 14 Pages

    In the aftermath of the revelation that Bernard Madoff 's investment fund was a tremendous Ponzi scheme, businesses have fallen under heavy scrutiny and continue to be challenged by the public as the result of a growing mistrust in the way business is conducted. Issues in management practices, like conflict of interest, can be raised from this debacle.…

    • 3488 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Blood Bananas

    • 2808 Words
    • 9 Pages

    This complex case touches on fundamental questions of ethics and morality while displaying the inherent risks and rewards associated with operating a business abroad in geographies with histories of violence and civil unrest. The case exposes the challenges faced by Chiquita when trying to maintain production and profitability while also protecting its employees in a hostile situation. In this case, the lines of the ethics and morality are not as straightforward as they seem on the surface, and they can vary greatly depending on the point of view and perspective that you take. Chiquita’s management struggles to make decisions that “will position the company on a positive trajectory and escape the negative legacy and administrative heritage that continues to saddle the company. “ (Schotter p. 14)…

    • 2808 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Scotiabank Analysis

    • 7764 Words
    • 32 Pages

    This report provides an analysis and evaluation of the Bank of Nova Scotia’s primary business operations including their marketing and information technology (IT) systems and the company’s overall financial status and profitability. The methods of analysis used include secondary research of industry data, company reports, recent financial disclosures, as well as inquiries in various electronic databases. The purpose of this report is to determine whether or not the Bank of Nova Scotia, more commonly known as Scotiabank, is a good employer for recent and future Haskayne School of Business graduates.…

    • 7764 Words
    • 32 Pages
    Powerful Essays
  • Good Essays

    Chiquita Bananas

    • 1349 Words
    • 6 Pages

    FARC and AUC (two Colombian organizations currently designated by the U.S. as terrorist organizations) purportedly threatened Chiquita’s executives to hurt employees in the Colombian plant if the company failed to provide the payments for their “protection.” Chiquita continued to do so until two years after the U.S. designated AUC as a terrorist organization. The U.S. government fined Chiquita for giving “protection money” to FARC and AUC. Now the victims and families of FARC and AUC are coming forward to claim compensation for damages they incurred due to actions that were financed in part by the money provided by Chiquita. If the law that permits victims and their families to sue providers of support to the terrorist organizations passes, Chiquita may face multiple lawsuits for providing this support to FARC and AUC, which may amount to millions of dollars. The law is not yet in place but the problem that Chiquita is facing is already here.…

    • 1349 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Mcwane

    • 1630 Words
    • 7 Pages

    "CBC News: The Fifth Estate - A Toxic Company - The Canadian Connection." CBCnews. CBC/Radio Canada, 8 Jan. 2003. Web.…

    • 1630 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Cited: Adler, Paul S. "Corporate scandals: It 's time for reflection in business schools." Academy of Management Executive, Vol. 16, No. 3, Aug 2002: 148-149. Business Source Premier. University of Missouri. 7 September 2008. <http://web.ebscohost.com/ehost/pdf?vid=11&hid=113&sid=557d7ef8-428d-439a-98a3-5ba01584ca30%40sessionmgr107>.…

    • 578 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Chiquita

    • 538 Words
    • 3 Pages

    Chiquita choice to pay the terrorist groups is not justified because this act is illegal. The United States of America government declared AUC as a terrorist group, they banned any funds going to them under the Bush Administration. Chiquita wanted to protect its employees and its company so they disregarded the law. This was a dangerous situation to face but in order to keep the employees alive it made its payments. There method of payments keep there company around for years until they turned their self in.…

    • 538 Words
    • 3 Pages
    Satisfactory Essays