THE year before construction giant Leighton Holdings signed a contract with Iraq that is now under investigation by the Australian Federal Police, it can be revealed that a joint venture in Abu Dhabi collapsed as a scandal erupted into certain procurement practices by at least one of Leighton's managers, who had also been the subject of police charges.
Leighton signed a $1.4 billion joint venture with Abu Dhabi-based Tourism Development & Investment Company in December 2007 to undertake contracting for various projects commissioned by TDIC, the tourism asset development arm of the Abu Dhabi Tourism Authority.
Eighteen months later, the joint venture company was abandoned and both companies blamed the decision on the global financial crisis. Neither company mentioned a scandal that had resulted in an internal investigation being carried out after TDIC received a series of documents that alleged fraudulent activity by a Leighton manager, who for the purposes of this article is called NX.
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