corruption resurfaces, page-8

I shorted this. I sadly think this will cost LEI shareholders dearly in lost contracts, compensation, and foregone future business. Will they still be able to tender for business funded at all by US companies and government, or humanitarian agencies? If there is substance to the new allegations, the current and past directors and executives will probably get away with a smack on the wrist. Shareholders will lose.

Have a look at what happened with AWB, the SP was slaughtered. And they were only marketing grain, not building infrastructure. If I was a government minister, I would be hesitant to have dealings with LEI until this is sorted. Why would I take that risk when there are usually heaps of able competitors?

Good luck, but I think you guys might want to rethink the ramifications.