IDB Links Its Chief Executive to Criminal Probe of Firm : Telecommunications: It confirms federal grand jury subpoenaed Jeffrey Sudikoff and other officer.

IDB Communications Group for the first time linked Chief Executive Jeffrey P. Sudikoff, one of two men who controls the Los Angeles Kings hockey franchise, to an ongoing criminal investigation into the telecommunications company’s controversial accounting methods.

In a filing with the Securities and Exchange Commission made public Thursday, the Culver City-based company acknowledged that subpoenas were issued in October and November by a federal grand jury in Los Angeles seeking information on a variety of matters, including “certain entities in which Jeffrey P. Sudikoff and another officer of IDB are personal investors and transactions between such entities and IDB.”

IDB did not identify the name of the other officer, but Sudikoff and IDB President Edward Cheramy have previously said in interviews that they invest together in real estate and other investments.

Sudikoff did not return calls. An IDB spokesman said he did not want to elaborate on the information in the filing.

In a separate disclosure, IDB also acknowledged for the first time that the SEC, which is conducting a formal investigation of its own into the company, issued a subpoena to Sudikoff.

The disclosure, which comes as IDB is on the verge of being acquired by Mississippi-based LDDS Communications, goes well beyond a disclosure last week in which IDB for the first time confirmed the criminal investigation into its accounting practices.

The company at the time said only that a grand jury was looking at the company’s first-quarter results and information surrounding the abrupt resignation in May of Deloitte & Touche as IDB’s auditors in a dispute over the company’s accounting methods. It did not mention Sudikoff. Thursday’s additional disclosure was made because Sudikoff is a candidate to become an LDDS director after the merger, sources said.

Sudikoff, whom Fortune magazine earlier this year dubbed one of “America’s smart young entrepreneurs,” bought 72% of the Kings as a personal investment with fellow IDB director Joseph M. Cohen from embattled sports mogul Bruce McNall last May. McNall, who remains a minority owner, has agreed to plead guilty next week in a separate criminal case to four criminal counts, including two counts of bank fraud.

The Deloitte resignation in May sent IDB’s stock crashing by more than 50%.