TLS 0.82% $3.70 telstra group limited

nbn boss denies part in corruption scandal

  1. 253 Posts.
    Mike Quigley, the man Kevin Rudd appointed to head the national broadband network, denies being involved in a multimillion-dollar bribery scandal that occurred during his time as a top executive at the French telecommunications giant Alcatel.

    While the US Securities and Exchange Commission does not name Mr Quigley in its filing, it accuses Alcatel of having a ''lax corporate environment'' which helped foster a culture of improper conduct.

    http://www.smh.com.au/technology/technology-news/nbn-boss-denies-part-in-corruption-scandal-20101230-19b71.html

    This old stuff shouldnt change anything now. With many NBN unknowns still around it doesnt help with overall confidence. Im sure that Telstra will come good one day, but also sure wish it wasnt so tied up with the NBN plan

 
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