Fastow: Enron’s Lay ‘Lied About Enron Finances’

Posted on Mar 9, 2006

BBC:

Enron’s former boss lied about the state of the firm’s finances months before its collapse, the company’s ex-finance chief has testified.

Andrew Fastow said Ken Lay claimed that Enron’s finances were robust in a interview in August 2001 despite him being aware of huge mounting losses.

“It was what Mr Lay was saying. It was a lie,” Mr Fastow - chief prosecution witness - told jurors in Houston.

Ken Lay and ex-colleague Jeffrey Skilling deny 35 counts of fraud.

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