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INVESTIGATIONS OF FRAUD AT INTELSAT CONTINUE

The investigations of fraud go on at Intelsat: Richard Colino and Jose Alegrett, who left the board in November due to questions raised about a $1.3m payment to loan brokers, may have used those contracts to divert cash for their own use, say Intelsat lawyers; a Panamanian contractor given $500,000 of Intelsat money cannot be found.

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CBR Staff Writer

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