A former vice-president of the Canadian company SNC-Lavalin has reportedly been sentenced in Switzerland to three years in prison, including an 18-month suspended sentence.
Riadh Ben Aissa, a Tunisian-born Canadian, pleaded guilty to charges of corruption and money laundering, relating the payment of several million dollars to Saadi Gadhafi, son of former Libyan dictator Moammar Gadhafi. SNC-Lavalin was awarded two major contracts in Libya.
In a statement, the company said:
“SNC-Lavalin is pleased to have been recognized as an injured party in these proceedings and to have recovered certain amounts of money from Mr. Ben Aissa while preserving the Company’s right to assert other civil claims against Mr. Ben Aissa in the future, including for the recovery of additional funds.”
Founded in 1911, SNC-Lavalin Group Inc., a Montreal-based company, provides EPC and EPCM services in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean power.
(Sources: Sun News, CBC, SNC-Lavalin)