The former chief executive of Duane Reade Holdings, who allegedly provided false information to private equity firm Oak Hill Capital Partners during the $750 million acquisition of the company in 2004, was indicted Thursday.
Former chief executive Anthony Cuti, and former Duane Reade chief financial officer William Tennant, were indicted on charges of falsely reducing reported company expenses and inflating income from December 2000 to June 2005.
