After CEO Resigns, Millions of Dollars Still Missing
An independent review of a mysterious $56 million in payments made by SNC-Lavalin, the big, Canada-based engineer-contractor, has concluded the company’s chief executive officer authorized or permitted another executive to make a $33.5-million payment, which constitutes a large part of the unaccounted-for amount.
But the review, released on March 26, failed to determine what the money was used for or to whom it was paid.
SNC-Lavalin issued the report concurrently with the announcement that CEO Pierre Duhaime had resigned.
Ian Bourne, a director of SNC-Lavalin, will serve as interim CEO.