Those charged are Douglas Hamilton, Craig Johnson, James Kinney and Kenneth
Taylor, who served as vice presidents of finance for Nortel’s Optical, Wireline,
Wireless and Enterprise business units, respectively.
This brings to seven the number of senior executives charged – in 2003 the US
watchdog charged Nortel’s former chief executive, chief financial officer and
controller with directing the earnings management fraud in 2003 that manipulated
the Toronto-based company’s reserves.
Nortel made no comment on proceedings against former company officers, but
said it will continue to cooperate fully with the SEC.
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