Leighton Holdings Ltd (ASX:LEI) subsidiary Thiess's internal investigation into a spying scandal at the $5 billion desalination project in Victoria has cleared its top executives.
However, according to The Australia, the company has found that serious errors of judgement were made by two managers.
The investigation looked into arrangements set up between the two managers, Greg Miller and Marcus Carroll, and a union negotiator, Bruce Townsend, which saw contracts recruited to infiltrate work at the Pluto Project.
Thiess' legal counsel Ted Williams says Mr Townsend was paid around $560,000 by Thiess in an arrangement which saw the money funnelled through a Melbourne law firm.
However, both Mr Miller and Mr Carroll went to significant lengths to keep the arrangement confidential.
For the year ended 30 June 2010, Leighton reported a net profit of $615 million.
LEI Price at posting:
$30.82 Sentiment: None Disclosure: Held
