Stephen Richards, the former head of sales at CA Inc, the company formerly known as Computer Associates will pay $29.7m (£15m) in restitution for his role in the $2.2bn (£1.1bn) accounting scandal at the software company.

The agreement was approved by a US federal court this week after Richards pled guilty in April last year to conspiracy, securities fraud, perjury and obstruction of justice and was sentenced to seven years in prison in November.

While an enormous amount by most standards it pails in comparison to the $800m that former CA chief Sanjay Kumar was ordered to pay in April as part of an overall $1.02bn restitution settlement with victims of the fraud.

CA restated its results for fiscal 2001 through 2004 after Kumar and Richards left the company.

Further reading:

Remaining charges against CA Inc dismissed

CA goes after co-founder following fraud report