Thursday, May 3, 2012

The trouble with Smiergeld

As Brian Mulroney, former Canadian PM and all-round unsavory character can readily attest, the trouble with Smiergeld is that its exchange can sometimes come back to bite you.

When lyin' Brian was PM he had a number of encounters with even less savory characters, encounters at which substantial sums of cash changed hands.

I am reminded of this today because of the flap over the $56 million supposedly missing from the coffers of SNC-Lavalin, one of Canada's premier construction conglomerates.

There were SNC-Lavalin shareholders at the annual shareholder meeting today making out like they never heard of such a thing.

Not bloody likely.

That $56 million missing from one side of the ledger turned into multiple billions on the other side.

SNC does business the world over, and had an especially tight connection with the Gadaffi clan over in Libya.

No harm in that. So did Sarko and phoney Tony.

At least untill they stabbed them in the back.

So the news coming out of the SNC meeting is that all these shareholders are just shocked, SHOCKED to learn that some of their company's juicy foreign contracts were facilitated by under the table payments?

Fat chance!

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