Leighton Falls Most Since 2011 on Iraq Corruption Report
This article is for subscribers only.
Leighton Holdings Ltd. shares fell the most in more than two years after the Age newspaper said former executives knew of alleged corruption at the company. Australia’s biggest builder said the revelations weren’t new.
Leighton allegedly paid bribes to win contracts and former chief executive officers Wal King and David Stewart were aware of the conduct, according to the report, versions of which were published in other Fairfax Media Ltd. papers. King denied the allegation and a spokeswoman for Stewart declined to comment.