WorldCom given until Monday to come up with answers

US regulators have given WorldCom until Monday to provide details of how £2.5 billion of expenses were hidden from shareholders.

WorldCom given until Monday to come up with answers
Sat, 29 Jun, 2002 - 14:03

US regulators have given WorldCom until Monday to provide details of how £2.5 billion of expenses were hidden from shareholders.

The Mississippi-based telecoms group has admitted that the money was wrongly listed as capital expenses in 2001 and 2002.

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CourtsHeathrowPlace: USPlace: MississippiPlace: AmericaPerson: President George W BushPerson: Attorney GeneralPerson: Mike MoorePerson: Bernie EbbersPerson: Scott SullivanPerson: Arthur AndersenPerson: AndersenPerson: John SidgmoreOrganisation: WorldComOrganisation: Securities and Exchange CommissionOrganisation: AmericaOrganisation: Enron
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