Canada hearing begins on tycoon Conrad Black

Canadian authorities are set to begin proceedings on Friday against former media tycoon Conrad Black, who is accused of a scheme to take proceeds from the newspaper business he once controlled. Black has already spent more than three years in a Florida prison following US convictions on related actions, which occurred more than a decade ago.
Canada's proceeding is being handled by the Ontario Securities Commission. It alleges that directors and officers of Hollinger Inc and Hollinger International engaged in a scheme to take proceeds through a system of 'non-competition' payments.