SNC-Lavalin delivers update on Bangladesh investigation

    




 MONTREAL, April 2, 2012 /CNW Telbec/ - SNC-Lavalin  announces  that, following an investigation launched last September, one of its  subsidiaries received formal notice from the World Bank that the rights  of that subsidiary to bid on new World Bank projects have been  temporarily suspended. The subsidiary named has the right, according to  World Bank regulations, to respond to the allegations outlined in the  World Bank's report, which is confidential, before a final decision is  taken. SNC-Lavalin intends to provide a comprehensive response to the  allegations. 

 "We respect the World Bank's decision to declare a temporary suspension  on the subsidiary affected until this matter is concluded. We should be  clear, however, that all ongoing projects and new bids by other  subsidiaries and divisions will continue as usual," said the company's  interim CEO, Ian Bourne. "We launched our own internal investigation  when this matter was first brought to our attention and we will  continue to cooperate fully with the World Bank on this matter." 

 The allegations in the confidential report relate to the Padma Bridge  project in Bangladesh, for which the Company's subsidiary had bid. The  scope of the project, which was not awarded, was to act as the Owner's  Engineer for the Bangladesh government in supervising the Contractor  responsible for the overall bridge construction project. 

 The temporary suspension, which is effective immediately, is not a final  decision but is an action taken by the World Bank to control  interactions with the subsidiary concerned while the World Bank  concludes its investigation and renders a final decision. 

 SNC-Lavalin remains committed to maintaining ethical standards of  business conduct. 

 SNC-Lavalin is one of the leading engineering and construction groups in  the world and a major player in the ownership of infrastructure, and in  the provision of operations and maintenance services. SNC-Lavalin has  offices across Canada and in over 40 other countries around the world,  and is currently working in some 100 countries. www.snclavalin.com. 

SNC-LAVALIN


CONTACT:  Media:Leslie QuintonVice-President, Global Corporate CommunicationsSNC-Lavalin Group Inc.514-390-8000, ext. [e-mail]:Denis JasminVice-President, Investor RelationsSNC-Lavalin Group Inc.514-390-8000, ext. [e-mail] 


    

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