Former Telegraph Owner Indicted

Summary


The former owner of the Daily Telegraph, Conrad Black, and three other executives were charged in a federal fraud indictment yesterday in the US involving the $2.1 billion (pounds 1.2 billion) sale of several hundred Canadian newspapers and the abuse of corporate perquisites at newspaper publishing company, Hollinger International.

Black, 61, Hollinger International's ousted chairman, was accused in the 11-count indictment of cheating the company's US and Canadian shareholders as well as Canadian tax authorities.

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Extract


Former Telegraph Owner Indicted

Black and the others were accused of fraudulently diverti...

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