MONTRÉAL, Oct. 1st, 2014 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) acknowledges the Federal Crime Court of Switzerland's acceptance of guilty pleas entered by Riadh Ben Aissa earlier today in connection with certain criminal charges. 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 right to assert other civil claims against Mr. Ben Aissa in the future, including for the recovery of additional funds.
SNC-Lavalin is committed to doing business with the utmost integrity. Over the past two years, the Company has created and launched a comprehensive Ethics & Compliance Program across and at all levels of its global operations, including an updated Code of Ethics and Business Conduct. With this Program, and the commitment of its employees worldwide, SNC-Lavalin plans to become the benchmark for clean business in its sector.
"SNC-Lavalin's goal is nothing less than to set a new standard for clean business in the engineering and construction industry," said Robert G. Card, President and CEO, SNC-Lavalin Group Inc. "We've adopted a zero tolerance policy for ethics violations of any kind. We have the right people in place and systems and procedures which are designed to protect the company and its stakeholders from future fraudulent actions. Our relentless focus on outstanding business ethics is an important aspect of our ongoing transformation into a global Tier-1 engineering and construction company," he added.
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's 45,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
For further information: Media: Michael Kuhn, Director, External Communications, SNC-Lavalin Group Inc., 514-393-8000, ext. 58315, firstname.lastname@example.org; Investors: Denis Jasmin, Vice-President, Investor Relations, SNC-Lavalin Group Inc., 514-393-8000, ext. 57553, email@example.com