CA to pursue co-founder Wang for fraud

Monday, 16 April 2007, 12:00 AM EST

A special committee at CA Inc. on Friday released a report that blames co-founder Charles Wang for accounting fraud at the company and recommends suing him for damages and the value of company stock he received.

That news came on the same day that Wang's successor, former CA CEO Sanjay Kumar, was ordered to pay more than $1 billion in restitution to victims of securities fraud he committed while at the company. Kumar also faces 12 years in jail following his conviction for obstruction of justice and securities fraud.

At Computerworld.

[ Read more ]




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