BusinessPeople In BusinessConrad Black told to explain finances

Conrad Black told to explain finances

Questions asked over true state of finances

US district judge Amy St. Eve has demanded that lawyers representing former
press baron Conrad Black provide a fuller account of his financial circumstances
ahead of his March 2007 trial on fraud, racketeering and other charges.

St. Eve demanded a list of Black’s assets and income, signed by him after a
document accounting for his finances revealed that was currently meeting monthly
expenses of $200,000 (£108,000) without having an income, Reuters reported.

Black is currently free on a $20m (£11m) bond.

Black, who was born in Canada, is a member of the House of Lords and is
accused along with other former executives of looting Chicago-based newspaper
publisher Hollinger International Inc., and with exploiting company perks.

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