(Reuters) - Kumar's restitution agreement follows his sentencing in November to 12 years in prison for his role in a $2.2 billion accounting fraud at the computer software company, previously known as Computer Associates.
Kumar agreed to pay $52 million by the end of next year by liquidating assets belonging to him and his family including real estate, luxury cars and a yacht, according to court documents.
Read more at Reuters.com Business News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment