Chief Financial Officer of NI Group Limited, parent company of Times Newspapers Holdings Ltd (TNHL), at the time of giving evidence. NI was also the parent company of News Group Newspapers which owned The Sun and, before its closure in July 2011, News of the World. Panuccio was asked what systems were in place to ensure that newspaper funds were not used to pay bribes or fund illegal news-gathering. Outlining new systems, she noted that cash payments had dropped substantially in the wake of the phone-hacking scandal.
