Investigators Probe Maxwell FX Dealings For Possible Fraud

CORPORATIONS

U.S. investigations into the stated pre-tax profits of the late British publisher Robert Maxwell's Maxwell Communication Corporation (MCC) have uncovered evidence of several misrepresented foreign exchange transactions. Price Waterhouse, MCC's administrator in the U.K., alleges that the value of these trades may exceed £36.9 million.

In the debtor's disclosure statement submitted to the U.S. bankruptcy court of the southern district of New York on February 26, Price Waterhouse alleges it has