Categorized | Banking & Finance, Security

Swiss Probe $139m SNC-Lavalin Laundering Case

Swiss Probe $139m SNC-Lavalin Laundering Case

According to Swiss public broadcaster RTS, prosecutors in Switzerland have formally indicted former SNC-Lavalin executive Riadh Ben Aissa on allegations he laundered vast sums of money tied to at least $139 million in mysterious payments by the company.

Swiss investigators are said to be interested in a network of companies and accounts, and transfers that were allegedly authorized by Riadh Ben Aissa to obtain contracts in Tunisia and, especially, Libya.

Ben Aissa was arrested in Switzerland last spring and remains in jail on suspicion of money laundering and corruption of public officials related to his business dealings in North Africa.

(Source: CBC)

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