The Leighton (LEI) bribery allegations were big news domestically this week and the share price in Leighton has again come under pressure. With such a high profile figure at the centre of the allegations you can anticipate that this story is now going to play out over an extended period of time and could get quite ugly. Wal King has come out swinging at Fairfax FXJ demanding an apology to mitigate the size of damages he will be seeking. Interesting background to this in The Australian (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.