SNC Lavalin Canadian Companies World Bank blacklist
Canada leads World Bank blacklist of fraudulent companies thanks to SNC-Lavalin
Canada leads the world in companies and individuals that have been banned by the World Bank
from contributing to...
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SNC Lavalin Canadian Companies World Bank blacklist
Canada leads World Bank blacklist of fraudulent companies thanks to SNC-Lavalin
Canada leads the world in companies and individuals that have been banned by the World Bank
from contributing to international aid and infrastructure projects.
Of the 608 companies and individuals listed on the World Bank’s just-released blacklist for
fraudulent or corrupt conduct, 119 are Canadian companies.
But engineering firm SNC-Lavalin
and its subsidiaries, many of which are registered outside Canada, comprise 16 per cent of the
total.
The World Bank bans companies from participating in aid and development contracts if they
“have been sanctioned under the Bank’s fraud and corruption policy.
”
The number of companies included on that list soared in 2013, rising from only 65 banned
entities on last year’s list, according to the South China Morning Post.
The World Bank says
about $40 billion of the roughly $200 billion it has given out since 2008 ha
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