Leightons exec faces $20.7m fraud charge

Written By Unknown on Kamis, 08 November 2012 | 12.59

THE finance manager of a Brisbane construction company has been charged with stealing $20.7 million from his employer during a 12-year stint with the company.

Leighton Contractors finance division manager Damian Victor O'Carrigan, 58, was arrested by detectives in Fortitude Valley on Wednesday.

The Moggill man was charged at the Brisbane Watch House on Wednesday night on one count of fraud and another of creating a false entry.

It's alleged he made 299 transactions from an account owned by Leighton Contractors into his own personal bank accounts, allegedly disguised under another business name, over a period of 12 years.

It's alleged as the company's finance manager, he was the only person who could sign off on the transactions, which had, until recently, gone undetected.

O'Carrigan fronted Brisbane Magistrates Court this morning on the charges.

Defence lawyer Peter Russo made an application for bail on his behalf.

Mr Russo indicated his client had been talking with police on the charges since late October.

The application was opposed by prosecutor Sgt Timothy Clare, who said police were concerned O'Carrigan would be a flight risk while facing such serious charges.

Magistrate John Costello is expected to hand down his decision on the bail application on Friday.


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