Search results for "Leighton"

Leighton Shares Dive on Iraq Corruption Allegations

By John Lee. Shares in the Australia’s Leighton Holdings, Australia’s biggest builder, fell more than 10 percent on Thursday following reports that former executives knew of alleged corruption at the company in Iraq. Leighton allegedly paid bribes to win contracts, and former chief executive officers Wal King and David Stewart were aware of the conduct, […]

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Leighton Wins $200m Iraq Contract

By John Lee. Habtoor Leighton Group (HLG) has been awarded a sub-contract for the construction of infrastructure in Southern Iraq and is part of an engineering, procurement and construction project to deliver a central production facility. The Australian reports that the contract is valued at more than $200 million. HLG CEO and Managing Director Laurie […]

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Leighton may be Expelled from Iraq

Iraq has threatened to expel Leighton Holdings from the country’s lucrative oil and gas fields, following the company’s announcement on Monday of an investigation into possible corruption. The deputy head of the Iraqi Oil Ministry’s petroleum contracts and licensing directorate, Sabah Al-Saidi, told The Australian Financial Review he was shocked by claims that Leighton Holdings […]

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