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Ausdrill says it uncovered the alleged fraudulent payments during routine compliance with its policies and procedures.

Ausdrill sacks employee and alerts police over $10m fraud

Ausdrill has sacked an employee and reported them to police after discovering approximately $10 million of allegedly fraudulent payments over eight years.

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8 years the Internal Controls and Procedures and Processing of this company failed. A lesson learned.

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1 year TSR5 year TSR
51stAustal138%29%
176thPerenti Global38%34%
309thMonadelphous10%11%
317thSeven Group Holdings8%28%
690thSeven West Media-49%-21%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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25/02/19
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13/07/18
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2nd↑Seven Group Holdings$4,166.4m
3rd↑Austal$1,868.7m
4th↑Perenti Global$1,846.5m
5th↓Seven West Media$1,556.4m
6th↑Monadelphous$1,483.6m
197 listed industrial companies ranked by revenue.
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