CONSTRUCTION giant Leighton Holdings is facing a shareholder class action over allegations of bribery and corruption in Iraq.
Leighton says it has been notified that a writ was issued against the company by the Supreme Court of Victoria late last week.
The writ alleges Leighton breached its continuous disclosure obligations under the Corporations Act by failing to reveal allegations of bribery and corruption against senior officers responsible for a project in Iraq.
It also alleges the company failed to disclose an investigation of "misbehaviour" involving senior officers, including "misbehaviour the subject of a claim by Leighton against a former employee for $5.6 million".
The company denies there is a "proper basis for the alleged claim" and says it will vigorously defend itself.
Read more at ABC news online.
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