Media baron 'conned Hollinger in apartment deal'

A property expert told a court that the price media mogul Conrad Black paid for a co-op apartment on New York’s Upper East Side was £2.7m (€4m) below fair market value.

Jonathan Miller, head of a New York property appraisal firm, said there was no way the £1.5m (€2.2m) Black paid Hollinger International Inc for the apartment occupying the whole second floor of its Park Avenue building could be considered fair.