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.
Read more Business News
- Police look for bank robberKelowna
- Fall in creek leads to DUIKelowna
- Alleged killer accused of lying BC
- Unruly passengers in custodyCanada
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.24||-0.01|
|Copper Mountain Mining||2.96||-0.07|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.24||-0.01|
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...