Leighton Holdings Limited (Leighton) has announced that it has reported to the Australian Federal Police (AFP) a possible breach of its Code of Ethics that, if substantiated, may contravene Australian laws.
The possible breach related to payments that may have been made by Leighton’s subsidiary company, Leighton Offshore Pte. Limited, in connection with work to expand offshore loading facilities for Iraq’s crude oil exports.
Leighton Holdings’ Chairman, Mr Stephen Johns, said that Leighton had volunteered the information to the AFP after becoming aware of a possible breach.
“We are cooperating fully with the AFP as they conduct an investigation into these matters,” said Mr Johns.
Leighton Holdings’ Chief Executive Officer, Mr Hamish Tyrwhitt, said that Leighton’s values were integral to Leighton’s approach to business.
“Our Code of Ethics and our values have been, and will continue to be, critical to our culture. Our values are consistently applied across the Leighton Group and deviations from those values are not tolerated,” said Mr Tyrwhitt.
At this stage it is not known whether there has been any wrongful or illegal conduct, or whether there will be any adverse financial consequences for Leighton. The AFP investigation is at an early stage and, accordingly, Leighton is not in a position to make any further comment.