Sunday, April 20th5.4°C
21427

Former SNC head charged with fraud

Pierre Duhaime, the former chief executive of Canada's biggest engineering firm, has been granted more flexibility to travel within the country pending trial on fraud charges.

Duhaime, a prominent Quebec businessman and once the head of engineering powerhouse SNC-Lavalin (TSX:SNC), was formally charged with fraud on Monday.

He was not in the courtroom as his lawyer, Michel Massicotte, pleaded not guilty on his behalf.

A change was made to conditions surrounding Duhaime's release. Initially, he was forbidden from leaving Quebec. The Crown has now agreed he can travel elsewhere in Canada, but not go beyond its borders.

"We asked that his conditions permit him to go across Canada for purposes of work, to give him better opportunities and it was considered to be a reasonable alternative," Massicotte said outside the courtroom.

Duhaime faces charges of fraud, conspiracy to commit fraud and issuing false documents.

Massicotte says Duhaime is currently not working.

The next date in the case has been set for May 23 when Massicotte is expected to receive more evidence.

Duhaime and another former top executive, Riadh Ben Aissa, face charges stemming from a contract involving the building of the multibillion-dollar McGill University Health Centre.

The Canadian Press


Read more Business News

20128


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.90720.00
Gold1293.80-9.2999
Oil104.59+0.83
Lumber326.10-2.70
Natural Gas4.735+0.205

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 



21297

FEATURED Property
1908304109-669 Houghton Road
1 bedrooms 1 baths
$139,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...

_



20956

21604


Member of BC Press Council


21188