Bovis Lend Lease yesterday confirmed it had received subpoenas from the US Federal Attorney and New York District Attorney regarding allegations of overbilling on the $US700m (A$882m) September 11 Memorial and Museum and other large New York projects.

Lend Lease, which is bidding on the A$3billion Barangaroo urban regeneration project in Sydney and is the builder of the 2012 London Olympic Village, said yesterday the investigation arose from allegations by a former employee.

Lend Lease told the Australian Securities Exchange it was co-operating fully with US authorities and was conducting its own investigation.

The Australian