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The Noose Tightens:Richard Perle's Hollinger Caper
    by URI DOWBENKO

According to the Times of London, Richard Perle is under investigation for failure to disclose $3 million in bonuses he got for investing Hollinger funds in a series of separate businesses, in which Perle held a stake.

Perle, a former US Assistant Defense Secretary and Hollinger International board member, is fast becoming the international poster boy for corporate-government fraud.

Beneficiaries of Perle's Hollinger investments were Perle-connected companies -- Trireme Partners ($2.5 million), a venture capital firm managed by Perle; Onset ($3 million), where Perle sits on the board of directors; and Cambridge Display Technology, a company in which Perle is an equity holder, which got $14 million from Hollinger.

Richard Breedon, head of a Hollinger committee investigating payments to Hollinger executives, is looking at Perle's undisclosed bonus.

Perle was one of five Hollinger directors who gave themselves "bonuses." Other Hollinger executives like founder Conrad Black, Deputy Chairman and CEO of Hollinger International David Radler, COO of Hollinger International Dan Colson, and Hollinger VP Peter Atkinson disclosed their payments -- while Perle has not.


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