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Company Enron [Company Info]
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Date Issue Title
1st Mar 2006 Fraud Investigation Enron 'pretty fast and loose with its rules'

Report
Enron regularly used money from its reserves to manipulate profits, a former senior executive at the US energy firm has testified.

David Delainey told the trial of former Enron bosses Ken Lay and Jeffrey Skilling that hiding losses was "standard operating procedure".

"At Enron, we tended to be pretty fast and loose with its rules," he said.

Mr Delainey said he told Mr Skilling, Enron's former chief executive, in 2001 that a proposal to subsume losses at its retail arm within its profitable wholesale business "lacked integrity".

"There was no business purpose to this other than to hide the loss and I knew that was not proper," Mr Delainey, the former head of Enron's wholesale trading business, told jurors.

"(Skilling) looked at me and said 'what do you want to do?'," Mr Delainey, added.

When asked by prosecutors what he believed Mr Causey meant, Mr Delainey said: "Get in line."

However, despite feeling under constant pressure to put a gloss on Enron's financial status, Mr Delainey said that he was never actually told by either Mr Skilling or Mr Lay to break the law.

Other Reports on Enron
Date Issue Company Report
26th Sep 2006 Fraud Investigation Enron Fastow gets six-year term
13th Aug 2006 Fraud Investigation Enron Prosecutors raise Enron boss fine
25th May 2006 Fraud Investigation Enron Lay and Skilling guilty
15th May 2006 Fraud Investigation Enron Enron bosses 'stole to pump egos'
11th May 2006 Fraud Investigation Enron Judge deals blow to Enron accused
26th Apr 2006 Fraud Investigation Enron Enron feared witch hunt, Lay says
24th Apr 2006 Fraud Investigation Enron Lay 'devastated' by Enron failure
18th Apr 2006 Fraud Investigation Enron Skilling defends Enron share sale
13th Apr 2006 Fraud Investigation Enron Skilling slams Enron prosecutors
12th Apr 2006 Fraud Investigation Enron Enron 'held no cookie jar fund'
11th Apr 2006 Questionable Practice Enron Skilling denies cover-up at Enron
10th Apr 2006 Fraud Investigation Enron I'm innocent says ex-Enron chief
3rd Apr 2006 Fraud Investigation Enron Key Enron witness 'lied in court'
22nd Mar 2006 Fraud Investigation Enron Enron treasurer tells of 'lies'
16th Mar 2006 Fraud Investigation Enron Enron whistleblower condemns Lay
14th Mar 2006 Fraud Investigation Enron Key Enron witness 'duped bosses'
9th Mar 2006 Fraud Investigation Enron Lay 'lied about Enron finances'
7th Mar 2006 Fraud Investigation Enron Enron bosses hid massive losses
27th Feb 2006 Fraud Investigation Enron Enron money man 'raided reserves'
13th May 2005 Fraud Investigation Enron Former Enron executive sentenced
9th Jan 2005 Fraud Investigation Enron Enron bosses agree $168m payout
3rd Nov 2004 Fraud Investigation Enron Convictions in Enron fraud trial
28th Jun 2004 Other Issue Enron Enron ex-boss breaks his silence

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