Former Leighton director convicted of falsifying accounts

A jury at the New South Wales District Court has found a former Leighton director guilty of misrepresenting the company’s accounts.

Peter Alan Gregg was chief financial officer of Leighton (now Cimic) between 2009 and 2013, and also held senior positions at the Qantas airline.

The charges that Greggs was convicted of were brought by the Australian Securities and Investments Commission. They allege that he "engaged in conduct which resulted in the falsification of (Leighton’s) books".

The West Australian newspaper suggests the charges referred to two payments worth US$15m to UAE firm Asian Global Projects & Trading FZE.

ABC notes that if he were to receive the maximum sentence for the crimes, Gregg could be imprisoned for up to four years.

Russell John Waugh, a former managing director of Indian subsidiary Leighton Welspun Contractors, was found not guilty of aiding and abetting him.

Gregg has been released on bail and will appear at the district court on the 31 January for sentencing.

Image courtesy of Dreamstime/Everythingpossible

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