Former CA chief Kumar gets 12 years in the pen

Computer Associates' former chief executive Sanjay Kumar has been sentenced to 12 years in prison and fined $8m for his role in the company's massive accounting scandal.

Kumar avoided the maximum 20-year sentence for obstruction of justice and securities fraud charges as US trial judge Leo Glasser said this constituted unreasonable punishment. While Kumar was not a violent criminal, he "did violence to the legitimate expectations of shareholders," Glasser said.
Read more...