Royal Ahold avoids criminal prosecution.(Royal Ahold N.V.)(Brief article)

Publication: Business Credit

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COPYRIGHT 2006 National Association of Credit Management

Dutch food company Royal Ahold NV will not be prosecuted for an $800 million accounting fraud that occurred at its subsidiary, Foodservice, Inc., after signing an agreement with the U.S. Attorney's office in Manhattan. The initial charges sprang from a three-year period between 1999 and 2002 when Foodservice, Ahold's...

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