Former Leighton CFO found guilty of cooking the books

Former Leighton CFO found guilty of cooking the books

Former Leighton Holdings (LHL) chief financial officer and director Peter Alan Gregg has been found guilty of criminal charges brought by the Australian Securities and Investments Commission (ASIC). 

After a five-week trial in the District Court of New South Wales, a jury found Gregg (of Pyrmont, NSW) had engaged in conduct which resulted in the falsification of LHL's books.

The charges followed revelations in 2016 from a Fairfax Media expose on a $15 million payment made to a consultancy in Dubai.

Meanwhile, former Leighton executive Russell Waugh who was managing director at Leighton Welspun Contractors Pvt Ltd, was found not guilty of one count of aiding and abetting the commission of an offence by Gregg. 

Gregg was remanded to appear before the District Court on 31 January 2019.

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