Chinese firm to acquire Aecon was subject to fraud ban by World Bank: The Globe
Editor’s Note: In the wake of a flood of China’s takeover deals to acquire Canadian companies, a Chinese state-owned firm which has helped advance Beijing assertive efforts in South China Sea, is buying Aecon, Canada’s construction giant. The deal has sparked a heated controversy in parliament, prompting widespread concerns of its potential threat over Canada’s national security. According to the Globe and Mail, apart from the alarming Chinese influence over the Canadian economy, the state-owned firm’s sordid record has raised even higher flags -- the company’s fraudulent practices in the past had resulted in a fraud ban by the World Bank.
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