LOOKING OVER THE FENCE LEIGHTON ie CIMIC Peter Gregg (Ex CFO)...

LOOKING OVER THE FENCE
LEIGHTON ie CIMIC
Peter Gregg (Ex CFO) has been found guilty as charged :
https://www.abc.net.au/news/2018-12...egg-found-guilty-falsifying-accounts/10606970

....”The prosecution case centres on a $US15 million ($21 million) payment made to a company operating out of the United Arab Emirates.

ASIC alleged the 2011 deal to buy and sell steel with this company was "never a genuine agreement" and that Mr Gregg, Leighton's then-chief financial officer, sent "a payment instruction" relating to two payments totalling $21 million.

The New South Wales District Court was told one $US12.5 million payment was recorded as being made for "marketing and advisory" services.

The second $US12.5 million payment was described as a loan.

ASIC alleged the books were also falsified when the payments were backdated to earlier in 2011 in a further attempt to "justify" the payments.

Mr Gregg has been bailed to appear before the District Court again on January 31.

ASIC said the maximum penalty for each offence was up to two years in prison and/or a fine of $11,000.....”