SNC-Lavalin sues former VP Riadh Ben Aissa
The embattled engineering and construction company wants Ben Aissa's shares in SNC-Lavalin to cover some of the damages
MONTREAL—SNC-Lavalin has filed a motion for damages against former executive vice-president, Riadh Ben Aissa, a former consultant, Cynthia Vanier and her company, Vanier Consulting Ltd.
The motion filed by SNC-Lavalin against Ben Aissa, Vanier and Vanier Consulting Ltd., allege these parties conspired with SNC-Lavalin’s former vice-president, Stephane Roy, to commit illegal acts for funds belonging to SNC-Lavalin Inc. were diverted and used without permission.
SNC Iavalin said in a press release it has alleged emails exchanged between Vanier, Roy and Ben Aissa during 2011, and those emails support this most recent claim.
The court granted the company’s request for a seizure before judgment of Riadh Ben Aissa’s shares in SNC-Lavalin Inc. currently held by the Computershare Trust Company of Canada. The company is seeking that these shares be used to satisfy a portion of the damages incurred. The company is also seeking further damages from Ben Aissa, Vanier and her consulting company.
A separate claim was previously made against Stephane Roy in April 2013.
SNC-Lavalin, which has been facing ongoing allegations of corruption and fraud related to winning overseas contracts, is an engineering and construction group, service provider and major player in the ownership of infrastructure.