Royal Ahold Avoids Criminal Prosecution

Law360, New York (September 29, 2006, 12:00 AM EDT) -- Dutch food conglomerate Royal Ahold NV will not face criminal charges stemming from an accounting fraud scheme that brought the supermarket giant to the brink of bankruptcy, according to the U.S. Attorney for the Southern District of New York.

The non-prosecution deal struck between Royal Ahold and the U.S. Attorney is not without caveats. The agreement doesn’t cover criminal tax violations, doesn’t apply to law enforcement agencies other than the U.S. Attorney’s Office for New York’s Southern District and is contingent upon Royal Ahold’s continuing cooperation...
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