Perhaps good deeds not only go unpunished but actually reap rewards now and then: the Australian Shareholders' Association has had the two-fold victory of ensuring a company is punished for dodgy behaviour and scoring a bit of cash from the regulator at the same time.

ASIC issued this press release at 6pm last night outlining an unprecedented penalties arrangement for German construction giant Hochtief (controlled by Spanish giant ACS) after it admitted to insider trading on a $55 million buying program of shares in the old Leighton Holdings (now CIMIC) back in 2013-14.