In his last statement before the judges who will decide his fate, Cees van
der Hoeven, Ahold’s former chief executive, defended his integrity and that of
his fellow co-accused (and former Ahold executives) on trial over the near
collapse of the supermarket group.
Van der Hoeven said his reputation was ruined by ‘appalling allegations’
levelled at him in relation to the massive accounting scandal at the company.
Van der Hoeven, Michiel Meurs, Ahold’s former chief financial officer, Jan
Andreae, a former Ahold executive board member and Roland Fahlin, a Swedish
former supervisory board member, face going to jail over the scandal at Ahold.
They are charged with falsifying documents and thereby misleading Deloitte,
Ahold’s auditor, resulting in the publication of incorrect annual reports.
Van der Hoeven and Meurs resigned in February 2003.
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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
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