Corruption claims ‘not material’, Worley tells ASX
Engineering group Worley has claimed that an arbitration decision that found it had wilfully ignored the corruption of an Ecuadorian subcontractor was “not material” in a response to questions from the market operator about its governance confession.
Worley’s shares have tumbled 10 per cent this month to trade at $15.68 as investors and analysts question the company’s oversight and disclosure practices following corruption allegations made by the government of Ecuador.
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