MONTREAL – SNC-Lavalin (TSX:SNC) says 32 employees admitted ethical violations under the company’s three-month amnesty program which ended Aug. 31.
The engineering and construction company says no new information of a material nature was revealed, but it confirmed its assessment of corruption risk.
SNC launched the amnesty program after both internal and police investigations into allegations of fraud and corrupt practices in Canada and abroad by some former employees.
Chief executive Robert Card said the company has worked to implement a new company-wide ethics and compliance program.
Among the initiatives this year were the release of an anti-corruption manual, a new policy for dealing with business partners, the appointment of compliance officers, mandatory compliance training for all employees and oversight by an independent monitor reporting to the World Bank.
The World Bank barred a SNC-Lavalin subsidiary and affiliates from bidding on its projects for 10 years as a result of allegations stemming from a bridge project in Bangladesh.
SNC-Lavalin has been under scrutiny since it disclosed last year $56 million in questionable payments, which led to criminal fraud charges being filed against several former executives including ex-CEO Pierre Duhaime.