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Four former Ahold executives – including former CEO Cees van der Hoeven and former CFO Michiel Meurs – have been officially charged with fraud and forgery by Dutch prosecutors.

The officials charge that by taking their actions, the former Ahold executives artificially inflated the company’s sales, thus artificially increasing the company’s stock price.

A court date will be set next year.

The executives avoided similar charges in the US, but apparently only because US officials bowed to Dutch prosecutors, allowing them to take the mead in indicting and prosecuting the case.
KC's View:
We got a lot of email on the lack of US indictments yesterday. See “Your Views” below…they said it better than we did.