Feeds

CA boss charges detailed

Unpleasant discovery

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Sanjay Kumar, the former boss of Computer Associates, has been accused of paying a $3.7m bribe in a failed attempt to cover up the company's dubious accountancy practices.

US prosecutors have filed revised indictments against Kumar and Stephen Richards, former head of worldwide sales, including securities fraud, conspiracy and obstruction of justice.

The changed indictment alleges Kumar gave the green light to a $3.7m fee to a man who was threatening to reveal the problems with CA's books.

Back in 2000 CA signed a multimillion dollar contract with "a nearly insolvent" customer and then backdated the payment so it hit targets for the previous quarter.

But "Individual #1", the boss of the company, wanted paying for helping CA out. Two CA executives flew to Hawaii to meet him and after further threats of exposing CA's practises Kumar agreed to pay him $3.7m for consultancy services which were never delivered, according to ITNews.com. More details here.

The two sides are currently in discovery, showing each other evidence, and will meet again in July.

CA reached agreement with the US government late last year and agreed to pay $225m.®

Related stories

CA's Clarke chills in the City
CA to restate five years of figures
CA boss admits long road to recovery

Beginner's guide to SSL certificates

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.