November 28, 2012 / 5:35 PM / 5 years ago

SNC-Lavalin shares slide after report of ex-CEO's arrest

1 Min Read

Nov 28 (Reuters) - Shares of SNC-Lavalin Group dropped on Wednesday after Canadian broadcaster CBC reported that the former chief executive of the engineering and construction company had been arrested on three fraud-related charges.

CBC said Pierre Duhaime, who resigned from the Quebec-based company in March, was arrested by Quebec's anti-corruption squad.

SNC's shares were down 2.35 percent at C$39.95 on the Toronto Stock Exchange.

Reporting By Nicole Mordant in Vancouver

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