Conrad Black's Partner in $60M Fraud Leaves Prison; Paroled: David Radler Served 10 Months

Article excerpt

Byline: ED HARRIS

THE FORMER business partner of disgraced media tycoon Conrad Black has walked free from a Canadian prison after serving 10 months of his 29-month sentence.

David Radler was granted full parole because his fraud conviction was a first offence.

He was thought unlikely to commit a violent act, the Canadian parole board ruled.

Radler, 65, and Black, 64, spent 36 years building a global media empire which included the Daily Telegraph.

The pair took holidays together but when US prosecutors brought fraud charges, Radler pleaded guilty and took the witness stand for eight days against Black.

He supported claims that Black and three other executives at Hollinger stole more than $60 million ([pounds sterling]39 million) from shareholders in the newspaper publishing company as they engineered the sale of more than $3 billion of its assets from 1998 to 2001.

Radler, the company's former chief operating officer, accepted his guilt and accused Black of being the brains behind the scheme.

A Canadian parole board official ordered him to be freed at his eligibility date, which was yesterday, said Jean- Paul Lorieau, a board spokesman in Vancouver. …

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