Canadian-born tycoon Conrad Black was today indicted on 11 counts of fraud for allegedly siphoning off millions of dollars from Hollinger International, the operating company for his media empire, US authorities said.
US Attorney Patrick Fitzgerald announced the indictment in Chicago, culminating months of investigations into malfeasance at what had been a sprawling global media empire.
Black, who renounced Canadian citizenship to become a member of the British House of Lords, was added to the defendants in an earlier indictment alleging the misappropriation of $32m from the media company.
He was also charged in a new scheme that improperly diverted $51.8m from the 2000 sale of a group of Hollinger newspapers to CanWest of Canada.
