The arrest on Wednesday of a former high-flying Australian executive can be traced to a fateful decision made in 2012 on the public holiday to pay tribute to Monaco's Prince Albert. The arrest warrant contained allegations about a stunning international corporate criminal conspiracy inside listed Australian firm Leighton Holdings between March 2010 and mid 2012. The oilmen Leighton (renamed CIMIC in 2015) was responsible for some of Australia’s biggest infrastructure projects under the stewardship of veteran chief executive Wal King. Former Leighton executive Russell Waugh arrested in Brisbane on alleged bribery charges involving Unaoil. But the police case outlines a conspiracy that began under his watch, continued during his last eight months as Leighton’s chief executive and involved some of his most senior executives.

Source: Libya Today November 18, 2020 04:29 UTC