Fastow: Enron’s Lay ‘Lied About Enron Finances’
Posted on Mar 9, 2006
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.