Saturday, April 18th10.3°C
26072
24644

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




Recent Trending




Today's Market
S&P TSX15360.55-26.22
S&P CDNX702.85-2.74
DJIA17826.30-279.47
Nasdaq4931.81-75.98
S&P 5002081.18-23.81
CDN Dollar0.8169-0.0001
Gold1204.10+6.10
Oil56.14-0.57
Lumber245.50-9.80
Natural Gas2.641-0.043

 
Okanagan Companies
Pacific Safety0.12+0.00
Knighthawk0.010.00
QHR Technologies Inc1.40-0.01
Cantex0.035+0.005
Anavex Life Sciences0.33+0.02
Metalex Ventures0.075+0.030
Russel Metals27.48-0.23
Copper Mountain Mining1.13+0.01
Colorado Resources0.10-0.00
ReliaBrand Inc0.005+0.001
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation1.80+0.15

 



25733

FEATURED Property
22567973605 Coldicott Dr
3 bedrooms 2 baths
$320,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...


Living with Plan B

“It does not do to leave a live dragon out of your calculations, if you live near him.”― J.R.R. Tolkien, The Hobbit Photo: Thinkstock.comHuman beings are optimists by nature. Whether...


Reverse mortgage solution

With the housing and financial markets on solid footing, some retired Canadians may consider cashing in their growing assets to enjoy vacations and major home renovations. Others, on the other hand, a...

_



25922




Member of BC Press Council


24875