10 CEOs Who Were Jailed

Bangalore: Power is such an entity that it can drive people to illegal activies and sometimes even send them packing to jail. The world of business has witnessed its share of high-profiled people and CEOs spending time in the big house. Some have been there for major offences, while some for possession of illegal items. Steve Tobak, of CBSNews.Com, gives a list of such jailbird CEOs, who have been to the jail and back. We too have dug up a few names and they are as follows -

1. Sanjay Kumar

Former CEO and Chairman of Computer Associates International

Kumar resigned from both his posts at Computer Associates International, now CA Technologies, in April 2004 on the charges of obstruction of justice and securities fraud at Computer Associates. He was indicted by a federal grand jury in Brooklyn on the charges of being fraudulent on September 22, 2004. Kumar pled guilty for both the charges he had been accused of on April 24, 2006. He was sentenced to 12 years of prison time and also fined with an amount of $8 million for his role in the accounting fraud at Computer Associates on November 2, 2006. Judge Leo Glasser, at the federal court in Brooklyn, sentenced Kumar to 144 months in prison, with an additional 3 years of supervised release. His scheduled time to report to prison kept getting postponed and Kumar was finally jailed on August 14, 2007. Prior to being sentenced to prison, Kumar said, "I stand before your honor today to take full responsibility for my actions." He also said, "I know that I was wrong and there’s no excuse for my conduct."