Ausdrill managing director Ron Sayers and his business associate, Barminco founder Peter Bartlett, have been charged with fraud over events that occurred nearly ten years ago.

The two men appeared in the Perth Magistrates Court on Friday and pleaded not guilty to the charges, which arise from the long-running Project Wickenby investigation.

Ausdrill released a statement today saying the Commonwealth Director of Public Prosecutions had commenced proceedings to charge Mr Sayers with consipiracy to defraud the Commonwealth.

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