- The Washington Times - Thursday, November 2, 2006

NEW YORK (Agence France-Presse) — The former top executive of Computer Associates was sentenced to 12 years in jail and fined $8 million yesterday over a $2.2 billion accounting fraud.

Sri Lankan-born Sanjay Kumar, the former chairman and chief executive officer of the software and computer security giant, pleaded guilty in April.

He was charged with improperly inflating company income by continuing to book revenue after the end of a particular quarter — a practice referred to within the firm as the “35-day month” or the “three-day window.”

He also pleaded guilty to obstructing justice by erasing his laptop’s hard drive as the government began its investigation.

“The sentence imposed today sends the message that accounting fraud is a serious crime and that obstructing justice will inevitably make things worse,” U.S. Attorney Roslynn Mauskopf said after the sentence was handed down.

Kumar left the helm of Computer Associates in April 2004 and severed all ties with the New York firm in June of that year as a federal probe into accounting methods intensified.

Later that month, the company acknowledged that it “prematurely” had recognized revenue and restated results for fiscal 2000 and 2001 to correct about $2.2 billion in improperly reported income.

Kumar was still a teenager when he arrived in the United States in 1976 with his family, who had fled civil strife in Sri Lanka.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC. Click here for reprint permission.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide