Austal Limited has flagged paying tens of millions in a settlement to head off prosecution as US regulators continue a long-running investigation in fraud allegations.
The Forrest family-backed shipbuilder has enlisted the US and Australian defence departments for support in its negotiations with the US Department of Justice and the Securities and Exchange Commission.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
