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    Former 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

    Author Date published December 18, 2007 Categories

    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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