One of the biggest alleged corruption sagas in corporate Australia has led to the charging of a second former high-profile chief executive, one-time boss of engineering giant UGL, Russell Waugh.
Mr Waugh has been charged in relation to a $15 million offshore payment made while he was a senior executive at construction giant Leighton Holdings. He joins Peter Gregg – who was Leighton’s finance chief at the time – in facing serious criminal charges connected to the 2011 payment.
Fairfax Media’s previous investigation into Mr Waugh’s role as managing director of Leighton’s overseas operation led to his sacking by new employer UGL in 2013, despite Mr Waugh’s strident denials of wrongdoing.
This article has been summarised, the full original article can be found at smh.com.au