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May 21, 2013
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Fastow: Enron’s Lay ‘Lied About Enron Finances’Posted on Mar 9, 2006BBC: 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. Advertisement New and Improved CommentsIf you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy. |