Company memo presented to Conrad Black trial

Payments totalling $9.5m (€6.9m) that prosecutors say belonged to Hollinger International shareholders went instead to media mogul Conrad Black and four other executives, a company memo showed.

Controversy over the money has been a focus of testimony at the trial in the US of former Daily Telegraph boss Black and three other men who are accused of plundering enormous sums from the newspaper conglomerate they once ran.