Settlements

ST-512
SNC-Lavalin / Riadh Ben Aissa
SNC-Lavalin
Switzerland
Federal Prosecutor General
Bangladesh
2014
8/5
Unknown
Individual
Criminal
Guilty Plea
Criminal Forfeiture, Criminal Restitution
$40,300,000
$0
NA
$27,000,000
$13,300,000
$0
$13,300,000
Return to SNC Lavalin (Partie Plaignante)
Art.16
Art. 1, Art. 7
Bribery of foreign officials; Money laundering; Fraud; Mismanagement
Bribery of foreign officials; Money laundering; Fraud; Mismanagement
Yes
According to the Wall Street Journal and other secondary sources, the Swiss Federal Cirminal Court approved the plea agreement by Mr. Riad Ben Aissa, which included forfeiture of CHF 40 milion forfeited of which CHF 13 million was provided to SNC-Lavalin, which was permitted to file claim as a victim. (Source: James V. Grimaldi and Margaret T. Coker, "Canadian Firm Recoups Cash in Bribery Probe," December 11, 2014; Greg McArthur, "Swiss court grants SNC special status in fraud case against former executive," May 22, 2013.)