Whatever the Press and the mainstream Media does not bring out!
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All their responses are questionable for several reasons. First, the independence of the attorney general’s decision-making concerning prosecutions is based on a constitutional convention called “The Shawcross Doctrine” after the British attorney general who set it out in 1951.
The company’s stock declined 4.8 per cent Wednesday mid-morning to $23.77, and is down 60 per cent from its 52-week high of $61.54.
A Quebec Court Judge in Montreal ruled on Wednesday that federal prosecutors had compiled enough evidence to demonstrate a reasonable prospect of conviction of SNC-Lavalin Group Ltd. on bribery and corruption charges. That means the engineering company must face trial on charges it directed about $48 million in bribes to Libyan government officials between 2001 and 2011, and defrauded the Libyan people of around $130 million during that time.
Derek Spronck, an analyst with Royal Bank of Canada, wrote, “A full trial will likely begin in late 2019 or 2020 and could take several years to reach a final conclusion.”
Warren -- Feature, Musings -- 03.07.2019 10:35 AM
Three big mistakes Trudeau made at his #LavScam press conference
1. He didn’t apologize. After Trudeau’s office leaked that the beleaguered Liberal leader was deliberating about an apology for the SNC-Lavalin scandal, we all kind of expected one. We didn’t get one. And when Trudeau was asked why, he blinked and stammered and looked offended. Dumb. Apologies cost nothing, Petit Justin. But if done right, they pay many dividends.
Things worsened even further when former Attorney General Jody Wilson-Raybould testified that she felt pressured by other members of Prime Minister Justin Trudeau’s cabinet to strike a settlement that would save the company. Instead, it appears headed to a criminal trial, where a conviction could ban it from bidding on federal contracts for up to 10 years, although a proposed revision to that policy has been announced.
Financial Post Published on 3 Apr 2019