Feeds

CA boss charges detailed

Unpleasant discovery

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

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
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.