Canadian companies make up 119 of the more than 250 entries from around the world on the list, marking a seven-year high for the country. The United States placed second on the list with 46 companies, and Indonesia placed third with 43, the World Bank said on Sunday.
One company, Montreal-based SNC-Lavalin Group Inc (TOR: SNC), appears on the list 58 times as a Canadian subsidary and 14 times as an American company, with many more SNC subsidaries dotted all across the world. The company's name had been tarnished after an internal investigation found that there had been $56 million of improper payments made to undisclosed foreign agents.
http://www.ibtimes.com/canadian-companies-are-most-corrupt-fraudulent-according-world-bank-blacklist-1406502
Gee I am shocked.... friends of Stephen Harper considered most corrupt?
Canada Sells AECL’s CANDU Reactor Division to SNC-Lavalin
The Canadian government agreed to sell the CANDU reactor division of Atomic Energy of Canada Limited to SNC-Lavalin Group Inc. (SNC), a construction and engineering company based in Montreal.
SNC-Lavalin said in a separate release it will buy AECL’s reactor division for C$15 million ($15.5 million) plus royalty payments from the construction of new reactors and reactor refurbishment projects.
The government also said today it would fund C$75 million for completing the development of the enhanced CANDU 6 reactor.
http://www.bloomberg.com/news/2011-06-29/canada-sells-aecl-s-candu-reactor-division-to-snc-lavalin-1-.html
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