From Mark Harrington of Newsday:
Former CA Inc. chief Sanjay Kumar alleges his former mentor Charles Wang “personally directed” improper accounting at the company going back to 1987, and that several long-time board members “took steps to protect Wang and conceal the facts.”
In a 27-page affidavit filed in court Tuesday by Texas billionaire Sam Wyly, Kumar depicts a cover-up within a cover-up, alleging board members Lewis Ranieri and Alfonse D’Amato “had knowledge of” the accounting misdeeds for which he went to prison — going back “at least” to 2003. Yet the accusations, which he said he communicated to a special board committee through “many” interviews, never made it into a report the board publicly filed in 2006, documenting the scandal.
Read the entire article here.
The NHL hadn’t had an ownership brush with the law for about two weeks, so apparently it was about time for another problem to arise.
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