Four former executives faced lengthy sentences over the allegedly fraudulent sale of systems consultancy to IBM in 2002The accountancy firm PricewaterhouseCoopers has handed over €37m (£29m) to the Spanish government to save four of its former employees from serving lengthy jail terms for fraud.
The four former senior executives,who include the firm’s ex-president Miguel Fernández de Pinedo, had faced up to 14 years in jail for their piece in the allegedly fraudulent sale of PwC’s systems consultancy to IBM in 2002. Charges were dropped against 40 other former employees and one serving member of staff.
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Source: theguardian.com