BusinessCompany NewsBlack trial resumes with focus on audit committee

Black trial resumes with focus on audit committee

KPMG accountant to be called

The fraud trial of former media baron
Conrad Black will resume
this week with prosecuting lawyers attempting to show that he lied to
Hollinger International’s audit
committee.

It will also see Marilyn Stitt, an accountant with KPMG in Toronto and
Hollinger’s independent auditor take the stand.

She is expected to discuss her work at Hollinger and give the jury a
‘tutorial’ on financial fraud

Later
Richard
Burt
, a former US diplomat who served as the chief negotiator during talks
with the former Soviet Union will take the stand. He was US ambassador to
Germany from 1985 to 1989, and a member of Hollinger International’s board of
directors and audit committee.

Prosecutors are trying to show Black and his co-defendants lied to the audit
committee and that they disguised bonuses as non-compete payments to avoid a tax
hit.

Black, and the other defendants have pleaded not guilty.

Further reading:

Accountant says Black hid payments from SEC

Former Hollinger accountant grilled in Black trial

Black wanted newspaper’s cash in personal bank account

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