Wal King re-elected to Ausdrill board

Former Leighton boss re-elected to Ausdrill board, with 22% of shareholders opposing the motion.

Ex-Leighton boss Wal King was re-elected to the board of mining services company Ausdrill on Thursday with 22% of shareholders opposing the move, The Australian reports.

King has been implicated in allegations of corrupt practices at his former position with Leighton Holdings (LEI). He has denied the allegations and is suing Fairfax Media for defamation.

Chairman Terence O'Connor said the board recommended King be re-elected given he hasn't been approached by the Australian Federal Police, nor the Australian Securities Investment Commission, according to the newspaper.

"For these reasons the board saw no reason to change its recommendation for the re-election of Wal King as a director merely because of unsubstantiated reports in the press," he said.

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