Wednesday, November 26th1.0°C
23286
22916

Bank accounts of former bridge exec grow after SNC-Lavalin contract: report

MONTREAL - A Radio-Canada report says $1.5 million ended up in Swiss bank accounts of a former head of the Federal Bridge Corp. shortly after SNC-Lavalin was awarded a $127-million contract to refurbish a Montreal bridge.

But the report says Michel Fournier, the former FBC head, has denied he was involved in any kickback scheme.

"Enquete," an investigative program on the CBC's French-language network, says a commercial agency called Promotag deposited the money in accounts belonging to Fournier between 2002 and 2004.

Radio-Canada says Promotag is used regularly by SNC.

Radio-Canada says Fournier told the program, which was to be broadcast Thursday night, that he never had the accounts and that he never received a penny from SNC-Lavalin (TSX:SNC).

Fournier, who is in his early 60s, also denied getting any money from Promotag, saying he never took any kickbacks.

Radio-Canada said Fournier called them at a later date to say he did open a bank account by the name of Zorro. He said he opened it for his sister-in-law because she wanted to hide money from her new partner.

Radio-Canada said Fournier told them he didn't know where the deposits in the account came from.

Radio-Canada said SNC-Lavalin did not offer any comment.

Fournier was appointed head of the Federal Bridge Corp. in 1998 by then-prime minister Jean Chretien.

He also served as Chretien's chief of staff in 1990-91 when the future prime minister was just Liberal leader.

The Canadian Press


Read more Business News

24035


Recent Trending




Today's Market
S&P TSX15038.41-35.24
S&P CDNX771.06-9.58
DJIA17827.7512.81
Nasdaq4787.317+29.065
S&P 5002072.83+5.80
CDN Dollar0.8888+0.0004
Gold1197.00-0.10
Oil73.48-0.61
Lumber327.90-1.60
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.160.00
Knighthawk0.01-0.005
QHR Technologies Inc1.34+0.02
Cantex0.045+0.005
Anavex Life Sciences0.171-0.004
Metalex Ventures0.035+0.005
Russel Metals31.50-0.64
Copper Mountain Mining2.16+0.01
Colorado Resources0.12-0.01
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.34+0.015

 
23744


24053

FEATURED Property
191299210890 Highway 97N, Lake Country
5 bedrooms 6 baths
$999,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...

_



24156

24231


Member of BC Press Council


22632