BusinessCompany NewsFormer Ahold US chief pays millions to settle accounting scandal

Former Ahold US chief pays millions to settle accounting scandal

Terms of settlement are without an acknowledgment of liability by Ahold's former senior exec

The former US unit chief of Dutch food group
Ahold
has agreed to pay the company $8m in a settlement relating to a $1,43bn
accounting scandal.

James Miller, the former US Foodservice CE will pay the amount, relating to a
scandal that took place in 2003, and end pending litigation with Ahold without
Miller acknowledging liability,
CNNMoney.com
reported.

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