Corruption and tax avoidance is not endemic to a specific country or region but is rampant in the mining,oil and gas industries.
Unsealed US court documents reveal a plot hatched by former Leighton Holdings executives in a luxury Perth hotel to bribe Iraqi officials to win a major contract.
UGL settles a long-running,multi-million dollar class action with investors over cost blowouts on a power plant contract at the giant Ichthys gas project.
Basil Al Jarah,a former senior employee of Unaoil,has pleaded guilty in London to bribery in Iraq in a case that also implicates Australian companies.
Construction giant’s CIMIC Group’s soft result has caught analysts by surprise and sent investors heading for the exit.
Boost in mining revenue helps CIMIC deliver a half-year profit of $367 million.
An investor who sold out of the construction giant before a dramatic rout wiped $1.9 billion off its market value this week believes hedge funds are to blame.
Construction giant CIMIC says it is complying with its disclosure obligations after investors wiped out up to one tenth of its value.
A investor who recently sold out of the construction giant says he offloaded his shares simply because the stock was overvalued.
Australia's largest listed construction company CIMIC has been accused of inflating its profit and hiding its poor performance.
In a statement posted to the union's Facebook page it criticised the move being so close to Christmas.