Fred Creasey, the former controller of
Hollinger, has testified that millions
of dollars of payments to former press baron
Conrad Black and other
executives were not disclosed in two documents filed with the SEC.
Testifying during the trial of Black and three other former executives,
Creasey said that while SEC filings in
December 2000 and April 2001 referred to non-competition payments, they did not
spell out that four individuals received $27.8m (?14m).
‘Where does it say John Boultbee will receive non-compete money?” asked
assistant US attorney Julie Ruder, referring to the former Hollinger
‘It doesn’t,’ said Creasey.
Black, who once led Hollinger International, Boultbee and two other former
executives are charged with using unjustified non-competition payments to skim
money from the 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