Michiel Meurs, the former chief financial officer of Dutch retail giant Ahold
and Cees van der Hoeven, Ahold’s former CEO, have both been found guilty of
fraud by an Amsterdam court.
They were each fined 225,000 euros (£153,000) and given nine-month suspended
sentences for their roles in one of Europe’s largest accounting scandals.
The defendants have already settled fraud charges in the US with the
Securities and Exchange Commission in connection to Ahold’s American chains Stop
& Shop and Giant.
Under their deal they admitted no guilt but accepted a lifetime ban from
holding office in a publicly traded company
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements