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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  SNC-Lavalin Group Inc.    SNC   CA78460T1057

SNC-LAVALIN GROUP INC.

(SNC)
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SNC Lavalin : Ex-SNC-Lavalin executive on trial for fraud, corruption won't present defence

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12/03/2019 | 02:22pm EST

MONTREAL — A former SNC-Lavalin executive on trial for fraud and corruption has decided not to present a defence.

Lawyers for Sami Bebawi informed the jury of their decision today.

Bebawi, 73, faces eight charges, including fraud, corruption, laundering proceeds of crime, possession of stolen goods and bribery of foreign officials.

The prosecution presented its final witness last Friday.

Bebawi has pleaded not guilty to the charges, which involve contracts tied to the Moammar Gadhafi dictatorship and centre on dealings with Gadhafi's son, Saadi.

The prosecution sought to prove SNC-Lavalin transferred about $113 million to shell companies used to pay people — including the younger Gadhafi — in order to help the company secure contracts and collect money owed.

The Crown alleges what was left in those shell company accounts was split between and Bebawi and Riadh Ben Aissa, another former SNC-Lavalin executive who testified for the prosecution.

The trial began sitting Oct. 31 and was expected to last six weeks.

This report by The Canadian Press was first published on Dec. 3, 2019.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (CAD)
Sales 2019 9 430 M
EBIT 2019 231 M
Net income 2019 663 M
Debt 2019 1 532 M
Yield 2019 0,95%
P/E ratio 2019 6,12x
P/E ratio 2020 12,9x
EV / Sales2019 0,59x
EV / Sales2020 0,52x
Capitalization 4 075 M
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Mean consensus BUY
Number of Analysts 14
Average target price 32,25  CAD
Last Close Price 23,21  CAD
Spread / Highest target 76,6%
Spread / Average Target 38,9%
Spread / Lowest Target 12,0%
EPS Revisions
Managers
NameTitle
Ian L. Edwards President, Chief Executive Officer & Director
Kevin G. Lynch Chairman
Sylvain Girard Chief Financial Officer & Executive Vice President
Eric D. Siegel Independent Director
Jacques Bougie Independent Director
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