Riadh Ben Aissa: Former SNC-Lavalin Executive Arrested In Switzerland On Fraud Allegations

CP  |  By Posted: 04/29/2012 4:08 pm Updated: 05/ 2/2012 10:28 am

BERN, Switzerland - A former executive of Canadian engineering giant SNC-Lavalin has been arrested in Switzerland.

A spokeswoman for the Swiss government says Riadh Ben Aissa is accused of fraud and corruption.

Jacqueline Buhlman says in an email to The Canadian Press that the allegations are in connection with alleged business dealings in northern Africa, but won't comment further.

Aissa was the executive vice-president of construction, but parted ways with the company earlier this year along with another SNC executive.

The departures coincided with the results of an internal company investigation into $35 million of payments that SNC (TSX:SNC) said breached its code of ethics.

Aissa's Montreal lawyer was not immediately available for comment on his client's arrest.

SNC has been the subject of two RCMP raids on its offices in the past seven months as the Mounties looked for evidence on the mysterious payments.

The company has said that it didn't believe the payments in question were related to its operations in Libya. SNC was one of the major Canadian companies doing business in the North African country prior to the fall of Moammar Gadhafi last year.

RCMP conducted a raid of the company's Toronto-area offices last September in connection with an investigation into bidding on projects in Bangladesh.

SNC-Lavalin has offices across Canada and in more than 40 other countries. It is currently doing work in some 100 countries.

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BERN, Switzerland - A former executive of Canadian engineering giant SNC-Lavalin has been arrested in Switzerland.A spokeswoman for the Swiss government says Riadh Ben Aissa is accused of fraud and co...
BERN, Switzerland - A former executive of Canadian engineering giant SNC-Lavalin has been arrested in Switzerland.A spokeswoman for the Swiss government says Riadh Ben Aissa is accused of fraud and co...
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paintitblacker
shit happens life goes on
04:46 AM on 04/30/2012
so ? every body know's harper appoints people who push his agenda .why would they suddenly start arresting frauds , look at where gordon cambell started and where he is now? the harper government is just as corrupt as SNC-Lavalin, most likely very cosy business partners
05:35 PM on 04/29/2012
So SNC-Lvavalin is a Canadian company and the Swiss are the ones arresting one of their executives for fraud and corruption and the Canadian government, as far as I can recall, has arrested zero, zilch. Says something about the culture in Ottawa that sees nothing wrong with this powerful Canadian company, as long as they contribute to their political parties.
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Runey
religion is why we can't have nice things.
09:16 PM on 04/29/2012
I'm no lawyer, but one thing probably worthy of note is where were the crimes committed? It's not Canadian authorities' jurisdiction if the crimes committed are abroad.
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05:34 PM on 04/29/2012
The work environment there is TOXIC. Horrible place to work.
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lulex
Made in Canada
05:09 PM on 04/29/2012
Good!
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Spanky McFarlane
ILLEGITIMUS NON CARBORUNDUM.
04:27 PM on 04/29/2012
Wow , Switzerland has a problem with SNC, but Stephan Harper apparantly not having sold Crown assets to them for a 'song' to try & adjust his own miserable balance sheet.

Birds of a feather....