Look at this article
Why the federal government has put in place a “repair agreement” which allows a canadian company (such as SNC-Lavalin) to settle (paying huge penalties) criminal charges brought against her by the public prosecution Service of Canada (PPSC) if… the direction of the said PPSC refuses to enter into such an agreement ?
What is the grounds for the refusal of the management of the PPSC ? Canada is not the only industrialized country to allow big companies to avoid criminal trials, by negotiating a similar ” repair agreement “. The United States, France, Australia, the United Kingdom… are also relying on such a legal arrangement to prevent the accused companies are closing their doors as a result of conviction.
Another question : why the opposition parties federal bind together to attack Justin Trudeau on his willingness to help SNC-Lavalin to save his own skin with a “repair agreement” ?
This is all well and good the play politics in this election year, but what does the “Canada” will he win if SNC-Lavalin is to condemn ? We are not talking here of saving the skin of the former leaders of the SNC who have been convicted for fraud and corruption. We are talking here about the company, the legal person, who has made a gigantic household in its management and governance following the corporate scandals in 2011 and 2012.
Anyway, the ultimate issue of the hour, this is the following : if SNC-Lavalin is ordered, the consequences will be fatal.
Why ? For 10 years, SNC-Lavalin may not get government contracts, both on the part of the federal government and provincial governments. Same fate with the international contracts supported by the world Bank. And more, its reputation will be tarnished forever. Such a conviction would mean disaster for SNC-Lavalin.
- Break-up of the prestigious multinational company in quebec.
- Big collapse in the Stock market.
- Colossal losses for the Caisse de dépôt et placement du Québec, which is the main shareholder with almost 20 % of the shares.
- Dramatic fall in revenue, which amounted to $ 10 billion currently.
- A large portion of the 50,000 employees (3,400 of whom are in Quebec and 5600 in the other provinces) who will be looking for a new job.
- Immense losses at the level of the economic and fiscal benefits for Quebec and Canada.
While the opposition parties at the federal massacre the chances of SNC-Lavalin to enter into a “repair agreement” with the PPSC, accusing Trudeau of political interference in favour of the SNC, prime minister François Legault, himself, continues to put pressure on Ottawa to help quebec businesses get out of trouble.
I suggest to the prime minister of Quebec, apply also to the leader of the official opposition, Andrew Scheer, and the leader of the NDP, Jagmeet Singh, why they do not support SNC-Lavalin in its efforts the” repair agreement “.
In this election year at the federal level, this would be relevant for Quebecers that MESSRS. Scheer and Singh respond to this question.