Former Leighton executive guilty

By Thomas Allen11 December 2018

Peter-Gregg

Peter Gregg, former director and CFO at Leighton Holdings

Peter Gregg, the former director and chief financial officer of construction firm Leighton Holdings – now called CIMIC – has been found guilty of falsifying the company’s accounts.

The Australian Securities & Investments Commission (ASIC) conducted an investigation into an allegedly corrupt US$15 million payment to United Arab Emirates firm Asian Global Projects & Trading in 2011, during his time at Leighton Holdings. Although the deal was supposedly intended to secure steel, no steel was ever delivered, raising suspicions about the true purpose of the transaction.

The Australian executive – who also held senior positions at Qantas and Primary Health Care – underwent a five-week trial in the District Court of New South Wales, Australia, and was found guilty of contravening section 1307(1) of the Corporations Act 2001.

Gregg will return to court for sentencing at the end of January 2019.

 

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Computer vision AI sees the way forward
Salman Chaudhary, CEO at EmpiricAI, explains why computer vision AI offers a glimpse of the future of health & safety in the construction sector
How wearable technology is used in construction
Wearable technology is helping construction companies become more productive and is also boosting health and safety 
Post-pandemic demand lengthens delivery times for construction equipment
Government stimulus measures following the global pandemic have led to a surge in demand for construction equipment
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA