Australia: Australian police arrest Leighton executive in Unaoil bribery case

Australian police arrested a former executive of construction company Leighton Holdings on Monday in connection with an international bribery investigation involving Monaco-based consultancy Unaoil.

David Savage, a former chief operating officer of Leighton, which has since been rebranded Cimic, was charged with knowingly providing misleading information to authorities contrary to Australian law.

The main targets of the bribery scheme were Iraqi oil ministry officials and government officials within the South Oil Company of Iraq, police said in a statement.

Investigators identified $77.5m in suspicious payments made via third-party contractors and allege Leighton Offshore PTY Ltd funnelled bribes through Unaoil and another Middle Eastern subcontractor to guarantee contracts.

The original full article can be found at ft.com

 

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