Sentencing over Foodservice fraud

The ex-chief financial officer at US Foodservice, a unit of Dutch retailer Ahold, has been given three years’ probation over an accounting fraud.

Michael Resnick had pleaded guilty in September to one count of conspiracy.

The case stemmed from an inquiry into Ahold’s 2003 admission that earnings at the US business had been overstated by more than $800m (£493m)

Ex-Ahold bosses guilty of fraud

The former chief executive and chief financial officer of Dutch retail giant Ahold have been found guilty of fraud.

A court in Amsterdam handed down the verdicts to Cees van der Hoeven and Michiel Meurs for their roles in one of Europe’s largest accounting scandals.

Each has been fined 225,000 euros ($286,800; £153,000) and given nine-month suspended sentences