Toronto (Aug. 19, 2004) -- Telecommunications equipment giant Nortel Networks Corp. announced this week that its past accounting practices, which are the subject of a criminal probe in the United States, are under scrutiny by Canadian authorities.

The company disclosed that it received a letter from the Integrated Market Enforcement Team of the Royal Canadian Mounted Police advising the company that the RCMP are opening a criminal investigation into the company’s financial accounting situation.

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