Former Computer Associates CEO Indicted

Updated from 3:11 p.m. EDT

Computer Associates(CA Quote) will repay shareholders $225 million and face 18 months of government monitoring as part of an accounting fraud settlement that led to the indictment of the company's former chief executive.

"With these agreements, CA has taken a critical step in closing this deeply troubling chapter in its history," said CA Chairman Lewis Ranieri in a prepared statement. "On behalf of the company and all its employees, we tender our sincere apologies to our shareholders and customers."

Former Chief Executive Sanjay Kumar was indicted on federal securities fraud and obstruction charges, as well as conspiracy to interfere with the accounting probe, and the same charges were levied against Stephen Richards, the company's former head of worldwide sales. ...