Bangladeshi government accuses SNC exec of bribery-report

Wed Dec 19, 2012 10:28am EST
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* Bangladesh probe alleges bribery, Globe and Mail reports

* Probe recommends prosecuting 3 former SNC executives

* President of SNC's Candu unit leaves company

* Allegations latest in mounting company scandal

* SNC shares fall nearly 1 percent

TORONTO, Dec 19 (Reuters) - Bangladeshi authorities have issued a report accusing a senior SNC Lavalin Group Inc executive of corruption, just after he left the engineering company, the Globe and Mail newspaper reported on Wednesday.

Bangladesh's Anti-Corruption Commission has accused Kevin Wallace, former president of SNC's Candu Energy Inc nuclear power unit, with conspiring to bribe government officials, the newspaper said, citing a commission report.

Wallace, who previously led several international construction projects at SNC, resigned from the Montreal-based company in early December, the Globe reported.

SNC was not immediately available for comment. Attempts to reach Wallace were unsuccessful.   Continued...