CA agrees to cooperate
Sanjay Kumar was arraigned on charges of federal securities fraud and allegations he obstructed investigations.
Kumar will be charged with the serious allegation that he conspired to obstruct a federal investigation into the state of Computer Associates’accounting practices.
CA has brokered a del with the authorities and it itself is now alleging that a crooked accounting scheme compounded the charges.
CA has dished out $370 million to its investors and said it will cooperate with the authorities. The case, or some of the case, continues.
News source: TheInquirer