Ramsay, the ceo of a large corporation, was indicted for tax fraud. the government accused him of hiding a vast amount of the company's assets. however, he was found not guilty at trial. can the company still be liable for ramsay's conduct?

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09-10-2017
Business

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Ramsay, the ceo of a large corporation, was indicted for tax fraud. the government accused him of hiding a vast amount of the company's assets. however, he was found not guilty at trial. can the company still be liable for ramsay's conduct?

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meerkat18 meerkat18 · Answer 1 · 2017-10-21T18:42:30+02:00

In this type of situation, both Ramsay and the company will be investigated for the tax fraud case. Even if Ramsay was found not guilty, the company will still be investigated since the company is a separate entity and there is an alleged big amount hidden in company's assets. If the company is found guilty, it will still be liable for the case even if Ramsay was found not guilty. Most likely, the investigators will try to tie the case back to him anyway since he is one of the main representatives of the company.