Engineering giant SNC-Lavalin has reached agreement to pay restitution to seven Quebec municipalities for obtaining contracts through questionable means.
READ MORE: SNC-Lavalin to reimburse Quebec municipalities, agencies for ill-gotten gains
Neil Bruce, CEO of the Montreal-based engineering and construction firm, says the settlements under the province’s voluntary reimbursement program are “final and fair.”
READ MORE: Quebec rejects $330-million lawsuit filed by SNC-Lavalin consortium over hospital
The provincial government launched the program in November 2015 aimed at recovering money paid in connection with public contracts obtained as a result of fraud or fraudulent tactics.
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It gave businesses and individuals two years to voluntarily make such payments for contracts dating as far back as 1996.
WATCH BELOW: SNC-Lavalin said it would reimburse municipalities in May
SNC-Lavalin (TSX:SNC) says it has reached agreement with Montreal, Quebec, Laval, Levis, Longueuil, Deux-Montagnes and the municipality of Saint-Cyprien.
Bruce has said the company wasn’t admitting culpability with the payment and was only following the process set up by the province.
READ MORE: SNC-Lavalin still hoping to resolve criminal charges as hearing set for 2018
Terms of the agreements are confidential under the program and provincial legislation.
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