TaxPersonal TaxLord Black on fresh tax charges

Lord Black on fresh tax charges

US grand jury probes looting claims

Lord Black, former chief executive of Hollinger has been charged with
‘willfully causing the company to file false tax’ returns by under-reporting the
media group’s income by $13m (£6.9m) in 1999 and $16m (£8.5m) in 2000, the
Daily Telegraph reported.

The fresh charges were laid down by a US grand jury probing the alleged
looting of his former business empire, Hollinger International.

Black stepped down as CEO of Hollinger in November 2003 and was later ousted
as chairman.

Under the indictment Black has been ordered to forfeit a $2.6m (£1.4m),
26-carat diamond ring, his $8.5m (£4.5m) Palm Beach home and the $8.9m (£4.7m)
raised from the sale of a New York apartment.

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