Former head of Federal Bridge Corp. pleads guilty to kickbacks over SNC-Lavalin bridge contract

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The 65-year-old former head of Canada’s Federal Bridge Corporation has pleaded guilty to fraud-related charges.

Michel Fournier was sentenced to five and a half years behind bars.

The charges were connected to allegations of kickbacks and the contract awarded to SNC-Lavalin to renovate Montreal’s Jacques-Cartier bridge.

His arrest was the result of an RCMP investigation into millions of dollars in payments to a Swiss bank account Fournier opened in 2000.

pleaded guilty on Thursday to fraud and money laundering in relation to an SNC-Lavalin contract with the Jacques Cartier Bridge Corporation in 2000. He acknowledged receiving over $2 million in kickbacks.

The former chief of staff to Jean Chretien claimed to only have $775,000 left after spending the rest of the money in high-risk investments.

Read more at CBC News

This article is summarized by Canadian Fraud News Inc.