Conrad Black
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Tycoon Conrad Black is released from jail on $2m bail

Canadian-born tycoon Conrad Black has been freed from prison on bail, pending an appeal over fraud convictions.

Black, a British peer, is being freed on a $2m (£1.3m) bond more than two years into a six-and-a-half year term.

Black and three other former executives of Hollinger International were convicted in 2007 of defrauding shareholders of $6.1m.

He has been told he must remain in the United States or forfeit his $2m bail. He may face a retrial and there are several other cases against him still going through the American courts

Nick Higham reports.

  • 21 Jul 2010
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