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Construction giant CIMIC says the head of its Dubai-based joint venture HLG has been arrested following a complaint to local police.

CIMIC says Habtoor Leighton Group (HLG) managing director and chief executive Jose Antonio Lopez-Monis was arrested after the close of trade on Wednesday, but did not give any further details.

HLG is 45 per cent owned by CIMIC, which said in a statement it is assisting Mr Lopez-Monis.

 
  • After the Iraq debacle of a few years ago, the whole idea of the company's name change was supposed to separate it from international scandal. This really calls into question the value of the name change – which I must say I have always questioned since there is no brand value at all in the CIMIC name and very few people have any idea what it actually means.

    This also highlights the challenges for companies who do operate in foreign markets. If you are going to operate in foreign markets, you need to have a risk management framework in place to manage the prospect of corrupt or unethical behaviour.

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