SNC Lavalin is facing more problems today, as the World Bank temporarily bans one of it subsidiaries from bidding on any new contracts while it continues its investigation.
Of course, this is just another bad day for the engineering giant that has been the subject of an RCMP raid,several scandals as well as a class action lawsuit filed by investors earlier this year. For the full meal deal on all the problems of SNC, head over to this previous blog post:
“Moral hazard is when they take your money and then are not responsible for what they do with it.”~ Gordon Gekko
** update : Enbridge post will be up tomorrow am. Frankly, I was so angry I thought best to sleep on it before posting…