Bloomberg News

Leighton Fires Senior Manager in Iraq Oil Payments Probe

July 04, 2012

Leighton Holdings Ltd. (LEI), Australia’s largest construction company, dismissed a senior manager in its Leighton Offshore division over “failures to meet governance standards” in its work on oil export facilities in Iraq.

The manager, who was not named, had not met standards on “proper documentation of contractual arrangements,” Leighton said in a regulatory statement.

Leighton said Feb. 13 that it was examining possible law- breaking over payments made in connection with work to build offshore crude oil loading terminals in Iraq, and had reported the matter to the Australian Federal Police.

“Appropriate disciplinary action will be taken if necessary,” Chief Executive Office Hamish Tyrwhitt said in the statement. “Leighton is continuing to cooperate with the ongoing AFP investigation.”

To contact the reporter on this story: David Fickling in Sydney at dfickling@bloomberg.net

To contact the editor responsible for this story: Neil Denslow at ndenslow@bloomberg.net


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