The Royal Canadian Mounted Police reportedly are theorizing that a former finance chief and an ex-controller took part in an accounting fraud to generate fake profits and boost executive bonuses, according to Canada’s Financial Post.
The paper also noted that the office of the U.S. Attorney for the Northern District of Texas is continuing its four-year criminal investigation into the accounting practices at the company. Nortel employs about 12,900 people in the United States and its U.S. headquarters are in Richardson, Texas.