Media tycoon Black faces fraud charges

Conrad Black, the former owner of the Daily Telegraph, and three other executives have been charged with fraud in America involving the $2.1bn ($1.79bn) sale of several hundred Canadian newspapers and the abuse of company perks at newspaper publishing company Hollinger International.

Black, 61, Hollinger International’s ousted chairman, was accused in the 11-count indictment of cheating the company’s US and Canadian shareholders as well as Canadian tax authorities.