Man in court on $20 million fraud charge

A man accused of stealing more than $20 million from one of Australia's largest construction and infrastructure companies has appeared in court.

Damian Victor O'Carrigan, 58, of Moggill in Brisbane's west, allegedly took the money from Leightons Contractors over a 12-year period beginning in May 2000.

He was employed in a finance role with the company at the time of the alleged offences.

Mr O'Carrigan has been charged with one count of fraud and one count of fraudulently falsifying a document.

He applied for bail in Brisbane Magistrates Court on Thursday, but the application was adjourned part-heard and will resume on Friday.