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December 11, 2018 By subbiesu Leave a Comment

Former Leighton executive Peter Gregg found guilty of cooking the books

Fighting for Subbies Rights

Speak of the devil.... we have found one, unfortunately it was in NSW.... but here, what about charging someone for fraud under S408 C of the QLD Criminal Code?

Former Leighton executive Peter Gregg found guilty of cooking the books

Read it here on the ABC.net.au

By business reporter Michael Janda

Updated 5 minutes ago

Peter Alan Gregg is a former CFO and director of construction firm Leighton Holdings.
PHOTO: Peter Alan Gregg is a former CFO and director of construction firm Leighton Holdings. (Supplied)

The former chief financial officer of construction giant Leighton Holdings, Peter Gregg, has been found guilty of falsifying the company's accounts.

Mr Gregg faced a five-week trial in the New South Wales District Court, where a jury convicted him of two counts of contravening section 1307(1) of the Corporations Act.

The jury found that Mr Gregg, who was also a former director of Leighton, had engaged in conduct that resulted in the falsification of its books.

The criminal case was brought against Mr Gregg by the Australian Securities and Investments Commission (ASIC), following a multi-year investigation and a federal parliamentary inquiry.

Mr Gregg has been remanded to appear before the District Court again on January 31.

Filed Under: Media Reports

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ABOUT US

SubbiesUnited is not “anti builder”, we support strong builders.
We are “anti theft” of hard working subbies money.

It’s not just about the builders who go broke, businesses all over Australia Liquidate every day for a variety of reasons.

It’s about the ones that engage in calculated criminal behaviour such as providing false information to the regulators or inducing subbies to work on a site when they know they cannot or are not going to pay them because of a fraudulent scheme. Its about the participation of the banks, pre insolvency advisors and builder appointed Liquidators to fraudulently defeat creditors.

Liquidators should always be appointed by creditors to ensure a thorough investigation takes place.

We want the rogues investigated and prosecuted for fraud. 


  • SubbiesUnited was created to provide subbies with collaborative information on building companies that are showing signs of insolvency or struggling to pay their creditors. The signs are always there, we just need to get the message to each other before it happens.
  • We provide subbies with up to date news on builders in Administration or Liquidation and the best strategies to get a return.
  • There are some extremely litigious builders out there who would rather sue you than pay you. Often they sue you so they don’t have to pay you. We will expose them.
  • The construction industry is renowned for building companies setting up illegal Phoenix operations, shifting assets, then liquidating sending subbies broke. We work with other subcontractor & supplier organisations & Governments to stop what amounts to legalised theft on a massive scale though pre packaged liquidations. Insolvency is used as a means to defraud Subbies.
  • Our aim is to limit the financial damage before it happens with our “members only forum”, an early warning system for the benefit of all our members.

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