Fastow: Enron’s Lay ‘Lied About Enron Finances’
The energy company's former CFO testifies that Ken Lay, the former CEO, lied about the company's financial situation in the months before the company's collapse.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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