SNC-Lavalin suspends payments to ex-CEO arrested for fraud

Thu Dec 13, 2012 8:33am EST
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Dec 13 (Reuters) - SNC-Lavalin Group Inc, Canada's biggest engineering company, said it will suspend payments to ex-Chief Executive Pierre Duhaime that were part of his departure package, nearly two weeks after he was arrested on fraud-related charges.

The Montreal-based company said there may be facts regarding Duhaime that the board was not aware of at the time of his departure.

Duhaime, who resigned in March, was arrested at his home by Quebec's anti-corruption squad on charges of fraud, conspiracy to commit fraud and use of false documents.