CONSTRUCTION GIANT LEIGHTON HOLDINGS IS BEING ACCUSED OF CORRUPTION AND COVER-UPS.

A FAIRFAX MEDIA REPORT SAYS INTERNAL COMPANY FILES EXPOSE PLANS TO PAY ALLEGED MULTI-MILLION DOLLAR KICKBACKS IN IRAQ, INDONESIA, MALAYSIA AND ELSEWHERE.

IT SAYS THE COMPANY'S CHIEF EXECUTIVE AT THE TIME, WAL KING AND HIS SUCCESSOR DAVID STEWART WERE AWARE OF THE CLAIMS.

 

THE FORMER CHIEF EXECUTIVE OF LEIGHTON HOLDINGS WAL KING HAS DENIED HE WAS AWARE OF THE BRIBERY ACTIVITY THAT REPORTEDLY OCCURED WHEN HE WAS IN CHARGE OF THE COMPANY.

 

“I DENY THE ALLEGATION THAT I HAD ANY PRIOR KNOWLEDGE OF CIRCUMSTANCES IN IRAQ, I’VE NEVER VISITED IRAQ. I’LL BE ISSUING A STATEMENT FROM MY SOLITITORS LATER TODAY.”

 

WE'LL TAKE A LOOK AT THE MARKETS NOW...

THE ALL ORDS UP A THIRD

 

THE ASX 200

 

LED BY RECOVERY IN RESOURCE STOCKS...

OVERNIGHT WALL STREET DECLINED AS DISAPPOINTING LABOR-MARKET DATA PROVIDED LITTLE SOLACE DURING THE CONTINUING STALEMATE IN CONGRESS.

 

THE OFFICIAL NON-FARM PAYROLLS WON'T BE RELEASED AS A RESULT OF THE SHUTDOWN... SO THE WEAKER THAN EXPECTED PRIVATE JOBS REPORT SEEMED TO HAVE BEEN READ WITH MORE SIGNIFICANCE THAN NORMAL.

 

DOW RETREATED POINT-FOUR PER CENT

INVESTORS ARE GETTING NERVOUS ABOUT A PROLONGED US GOVERNMENT SHUTDOWN BOUGHT UP THE SAFEHAVEN OF GOLD...

TAKING A LOOK AT CURRENCIES... THE AUSSIES AROUND 93 AND HALF US 

 

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