Australian firm may be involved in corruption scandal with Ecuador Govt. contracts

Posted on March 2, 2015 • Filed under: Business, Corruption, Crime, Ecuador

couriermail.com.au reported infrastructure consultancy Cardno has raised the alarm that one of its subsidiaries could be entangled in a corruption scandal involving Ecuador-government contracts. Contracts with state-owned businesses in the South American nation are also under investigation by “independent external advisers” appointed by Cardno, the Brisbane-based company told the stock exchange on Monday afternoon. The review is examining who received the payments from the subsidiary, if they were illegal, and when they occurred.
“We are taking the matter really seriously,” Cardno’s acting chief executive officer Graham Yerbury told The Courier-Mail. Read Article

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