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Former chief executive of CA, Sanjay Kumar, was sentenced to 12 years in prison for leading a US$2.2 billion ($3.27 billion) accounting fraud at the software maker.
Prosecutors said Kumar and other CA executives backdated contracts to inflate revenue at the Islandia, New York-based company, formerly Computer Associates International, the world's second-largest maker of mainframe computer software.
US District Judge Leo Glasser imposed the prison sentence and an US$8 million fine yesterday in Brooklyn, New York, and ordered Kumar, 44, to report to a federal prison by February 27.
Glasser noted he didn't impose the life sentence called for by federal guidelines and called imprisonment "not an appropriate measure of promoting rehabilitation".
The sentence fell short of the recent prison terms for executives convicted in the crackdown on corporate fraud after the collapse of Enron in 2001.
Bernard Ebbers, WorldCom chairman, got 25 years; Jeffrey Skilling, former Enron CEO, more than 24 years; John Rigas, Adelphia Communications founder, 15 years; and Dennis Kozlowski, former chairman and CEO of Tyco International, as long as 25 years.
- BLOOMBERG
