Greens query interest in corruption probes

The Australian Greens say recent high-profile corruption scandals suggest the corporate watchdog and police are not working closely enough.

leighton_holdings_ceo_aap.jpg

Leighton Holdings CEO Hamish Tyrwhitt. (AAP)

 Building giant Leighton Holdings is at the centre of the latest scandal, with reports that bribery was rife among top executives.

The company told the Australian Federal Police (AFP) it may have breached foreign bribery laws in Iraq but the Australian Securities and Investments Commission (ASIC) has not spoken to any witnesses or suspects in the two years since, Fairfax Media reported on Thursday.

"There's real questions about whether ASIC and the federal police are talking together and working together closely enough," deputy Greens leader Adam Bandt told ABC Radio.

He linked the latest allegations with earlier ones of bribery and corruption in subsidiary companies of the Reserve Bank, saying it appeared ASIC was yet to interview the whistleblower in that matter.

"There's some real questions about whether our agencies at the federal level are investigating white collar crime with the same seriousness as, say, the Serious Fraud Office in the UK or Securities and Exchange Commission in the US," Mr Bandt said.

"The answer appears to be no."


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Source: AAP


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