BusinessCompany NewsCA goes after co-founder following fraud report

CA goes after co-founder following fraud report

Charles Wang blamed for accounting fraud and to be sued

Charles
Wang
, co-founder of Computer Associates
has been blamed for accounting fraud at the company following the release of a
report by a special committee of the company.

The committee recommending that Wang be sued for damages and the value of
company stock he received.

This comes at the same time that Wang’s successor, former CA
CEO
Sanjay Kumar
, was ordered to pay more than ?500m in restitution to victims
of securities fraud he committed while at the company.

Kumar also faces 12 years in jail following his conviction for obstruction of
justice and securities fraud.

Further reading:

Chief exec ordered to pay victims of accounting fraud


CFO steps down at computing giant

Computer Associates executives plead guilty

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor