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10th August 2006, 12:46 AM
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BoS preparing to close its Costa Rica Facility
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17th August 2006, 06:05 PM
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Carruthers out! - 17/08/06
BetonSports former CEO David Carruthers was yesterday released on bail after posting the $1 million bond required. Under conditions of his bail, Carruthers will be electronically monitored and confined to his St Louis, Missouri residence, and only allowed to leave with permission from the authorities. "It’s been an ordeal but we’re pleased that he’s out," said Scott Rosenblum, one of Carruthers lawyers, outside the courthouse. Carruthers declined to comment on the situation. Carruthers release had been delayed from earlier in the week amid technical difficulties related to the installation of a proper phone line to work with the electronic monitoring system. He will now await trial over a number of charges, including racketeering and fraud. His legal team have not commented on defence strategies, suffice to say that they'll be "prepared to defend the case at trial." ATE Online - News
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