Australia’s largest construction company has engaged lawyers to help deal with hundreds of underpayment claims from workers,subcontractors and banks.
Australia’s largest construction company is accused of underpaying hundreds of millions of dollars to workers in the Middle East.
Construction giant CIMIC Group has launched a takeover bid to mop up more than a third of the house and land developer’s registry it does not already own.
The former executive for infrastructure giant Leighton has been charged on a second corruption-related charge after a series of investigations into the company now called CIMIC.
Federal police have alleged David Savage helped cover up corruption when he was a high-flyer at one of Australia's largest multinational companies.
On Tuesday evening,two federal police agents boarded a flight from Sydney to Brisbane bearing an arrest warrant. Their trip had been a long time coming.
Australia's longest-running bribery investigation has come to a head with the arrest in Queensland of a former senior executive from construction giant Leighton Holdings.
The S&P/ASX 200 closed 0.4 per cent higher on Wednesday thanks to gains in materials and information technology.
Australia's largest construction company CIMIC has swung to a $1 billion net loss,but the company says its recent decision to exit the Middle East will leave it better placed to focus on its core markets.
The financial reporting of Australia’s largest listed construction company is under renewed attack
CIMIC has settled a long-running class action with investors over allegations its executives had knowledge of corrupt behaviour relating to the Unaoil bribery scandal.