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Latest Business News

Witness: Black Ordered Funds Transferred

Tuesday, May 08, 2007 1:44:37 PM
By MIKE ROBINSON

CHICAGO (AP) - The government's star witness at media mogul Conrad Black's fraud trial testified Tuesday that Black himself ordered millions of dollars paid to a smaller Toronto-based company he owned.

F. David Radler's testimony was the first to tie Black directly to the transfer of tens of millions of dollars that the government maintains belonged to the Hollinger International media empire.

Radler, who served as second in command of Hollinger International, was asked if Black had instructed him that 25 percent of all so-called "non-compete" payments received in the sale of company assets would be paid to the smaller, sound-alike company in Toronto, Hollinger Inc.


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