By Josh Wingrove Bloomberg Wed., March 20, 2019 The head of the Montreal-based construction giant at the centre of a political firestorm warned the company remains undervalued, is vulnerable to a takeover and at risk of shedding jobs in Canada. Neil Bruce, president and chief executive officer of SNC-Lavalin Group Inc., said Wednesday that Canadian prosecutors should be grilling ex-executives instead of the firm. The company is facing fraud and corruption charges related to decade-old activities in Libya, and efforts by Justin Trudeau’s government to intervene have exploded into a crisis for the prime minister. “Justice is upside down on this,” Bruce said in a BNN Bloomberg television interview. “We’ve apologized for the behaviour of the previous management, and ultimately, I firmly believe the prosecution service should hold those responsible to account and stop damaging the innocent people.” SNC-Lavalin once had 20,000 workers in Canada and now has 9,000, he added. “If we can’t put some of this behind us, it’s highly likely that we’ll have less,” he said. Bruce’s comments are the latest twist in a saga over whether his company will get a deferred prosecution agreement, a negotiated fine that would end prosecution and help it avoid a… Read full this story
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