Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

Tuesday, 28 March 2006, 19:32 GMT 20:32 UK

Enron prosecutors rest their case

Ken Lay (left) and Jeffrey Skilling at a pre-trial hearing in December US prosecutors dropped a number of charges against former Enron chief executives Ken Lay and Jeffrey Skilling as they rested their case on Tuesday.

Mr Skilling now faces 28 cases of fraud, conspiracy and insider trading, while Mr Lay faces six counts of conspiracy and fraud.

The defence is due to start making its case next Monday.

Enron collapsed in December 2001 after disclosures that it falsified accounts to hide debt and inflate profits.

Rogue employees

The prosecution dropped three charges brought against Mr Skilling and one charge brought against Mr Lay because they had not presented any evidence for them while presenting their case.

As they wound down, prosecutors disclosed that the two defendants were paid a combined salary of nearly $375m between 1999 and 2001.

ENRON FACTS


Mr Lay and Mr Skilling have pleaded not guilty to all charges, blaming Enron's collapse on what they call rogue employees such as former chief executive officer Andrew Fastow.

Mr Fastow has already testified to setting up partnerships designed to help the firm hide losses of millions of dollars.

He has pleaded guilty to conspiracy and is facing 10 years in jail.




E-mail this to a friend

RELATED INTERNET LINKS:
Enron
US Department of Justice
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©