Construction and contract mining giant Leighton Holdings is under investigation by the corporate watchdog over a breach of disclosure laws, according to a report in the Fairfax Media.
The media report says the Australian Securities and Investments Commission (ASIC) investigation is related to cost blow-outs of up to $4 billion that Leighton is accused of concealing from shareholders.
The report says the ASIC investigation relates to alleged misconduct involving members of Leighton's existing management team.
ASIC on Thursday declined to confirm or deny the media report, saying it did not comment on operational matters.
Leighton refused to comment.
Shares in Leighton were 13 cents lower at $20.84.
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