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SNC-Lavalin strikes deal with prosecutors to settle criminal charges over Montreal bridge contract

Globe & Mail: 'SNC-Lavalin Group Inc. has struck a deal with prosecutors to settle criminal charges against the Canadian engineering giant related to a bridge contract in Montreal two decades ago.

'The company said in a statement late Friday it reached a remediation agreement with Quebec’s office of criminal prosecutions, known as the Directeur des poursuites criminelles et pénales (DPCP) to resolve charges laid against two company entities last fall. Such deals, sometimes called deferred prosecution agreements, allow companies to avoid a trial in exchange for paying a fine and third-party monitoring of their activities.

'As part of a three-year agreement, the engineering firm said it will pay a penalty of $29.6-million. The prosecutor’s office also confirmed the deal in a separate statement. The parties will seek approval of their pact from a judge for the Quebec Superior Court at a hearing scheduled for May 10. No other details were provided.'

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