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Nortel Says Canadian Authorities to Begin Probe

Monday, August 16, 2004 20:08 EDT

SAN FRANCISCO (Reuters) - Nortel Networks Corp. said on Monday the Royal Canadian Mounted Police told the company it will begin a criminal investigation into Nortel's financial accounting.

"These matters have been the subject of an ongoing review by the RCMP," the Brampton, Ontario-based telecommunications equipment company said in a statement, adding it "will continue to cooperate fully" with the investigation.

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