You are here: silicon.com > Networks > Broadband & ISPs

Broadband & ISPs

World Online insider dealing probe deepens

Internet service provider World Online is under investigation for insider dealing and publishing false information in the company brochure.

By Deborah Schofield

Published: 15 November 2000 16:01 GMT

The shadow of suspicion falls largely on former CEO Nina Brink. Prior to World Online's IPO in March of this year, Brink sold much of her stake in the company well below share issue price. She was forced to resign by pressure from investors shortly afterwards.

Investigations are being led by the public prosecutor's office. Company headquarters in Rotterdam, as well as several employee residences, were raided early this week.

A World Online spokeswoman refused to give details of the raids, stating that the company had been aware of pending court action and is relieved it has begun. No internal action is to be taken at this point as Brink is currently considered to be solely responsible.

Italian rival Tiscali acquired World Online in September in a bid to create Europe's second-largest ISP. A spokesman refused to comment, claiming that Tiscali's intentions remain unchanged by the investigation.

  1. Zones
  2. Management
  3. Networks
  4. Software
  5. IT Services
  6. Hardware
  1. Verticals
  2. Public Sector
  3. Financial Services
  4. Retail & Leisure

  • Jobs
Digital Content Engineering Team Lead

In 2006, Riverdeep acquired Houghton Mifflin, bringing together one of the most respected print publishers with the leader in interactive courseware. ...

Business Manager

We're not just talking about valuable benefits like great bonus potential, private healthcare, childcare savings, and a huge range of employee ...

Business MI/Data Analyst - Cheshire, North West

You shall have experience producing high quality analysis, make recommendations and propose courses of action with benefits clearly articulated that ...

Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.





Quick Sitemap Links: