Wednesday, April 4, 2007

UPDATE 1-Board knew of Conrad Black's payments, jurors told

(Reuters) - CHICAGO, April 4 - Defense lawyers at the criminal fraud trial of Conrad Black sought to show on Wednesday that millions of dollars of payments received by the fallen media baron and co-defendents were approved by the board of his former company, not stolen.

Prosecutors contend Black and three former executives diverted some $60 million from the media conglomerate, Hollinger International Inc., by sending the payments to entities closely controlled by Black.


Read more at Reuters.com Bonds News

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