ArticleNortelCFOMagazine

ArticleNortelCFOMagazine - Canada Opens Probe of Nortel...

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Canada Opens Probe of Nortel Accounting The networking giant faces a criminal investigation by Canadian authorities after an informal review of its accounting practices. Ed Zwirn , CFO.com August 18, 2004 Telecom-equipment maker Nortel Networks Corp. is facing legal scrutiny on its home turf as well as in the United States. Nortel, said to be Canada’s largest high-tech company, announced Monday that it had received a letter from the Royal Canadian Mounted Police's Integrated Market Enforcement Team advising that the RCMP will begin a criminal investigation. advertisement <a href="http://ad.doubleclick.net/jump/cfo2.dart/tif;pos=body;cat=tif;kw=;sz=336x280;tile =5;ord=137914723993182940?" target="_body"><IMG SRC="http://ad.doubleclick.net/ ad/cfo2.dart/tif;pos=body;cat=tif;kw=;sz=336x280;tile=5;ord=137914723993182940?" width="336" height="280" border="0"></a> ”The RCMP are beginning a criminal investigation, but they did not provide additional detail," Nortel representative Tina Warren told The Associated Press on Tuesday. Nortel
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ArticleNortelCFOMagazine - Canada Opens Probe of Nortel...

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