|Home||Company Search||Related Articles||Forum (new!)|
|Company||Enron [Company Info]|
|Track this Company (an email will be sent to you everytime a report is filed about this company)|
|3rd Apr 2006||Fraud Investigation||Key Enron witness 'lied in court'|
|A key prosecution witness lied about taking part in Enron-related crimes, an assistant of former Enron chiefs Ken Lay and Jeffrey Skilling has said.
Joannie Williamson told defence lawyers Mark Koenig admitted he had pleaded guilty to crimes he did not commit.
The defence team has repeatedly claimed fear of prosecution had pushed many Enron executives to plead guilty.
Ms Williamson told the court she did not believe Mr Koenig - a close friend and former boss - was guilty even though he had previously told jurors he "pled guilty because I am guilty".
She explained that he had made a telephone call to her on the day he pleaded guilty to aiding and abetting securities fraud and lying about the energy giant's finances.
"I said 'You're not guilty,' and he said 'I know that, but in order for this to work everybody needs to believe that I am'," she told the court in Houston.
Ms Williamson was the first defence witness to take the stand in the case.
Other defence witnesses who faced the court on Monday included former analysts Scott Stoness and Diann Huddleson who worked for Enron's energy retail unit - Enron Energy Services (EES).
Mr Stoness dismissed prosecution claims that in May 2001 Mr Skilling had approved a plan to hide $200m in losses at EES.
According to Mr Stoness, Enron was unaware the unit would make a loss at the division until two months later and that the eventual losses came in at $170m.
Meanwhile, Ms Huddleson denied allegations that EES was in disarray as witnesses for the prosecution had claimed.
Contrary to prosecution claims the firm persistently called on utility firms to pay their bills and also had reserves of up to $400m to cover any unpaid bills.
Lawyers for the defence have said Mr Skilling could offer his side of the case as early as this week.
|Other Reports on Enron|
|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|
|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|
|1st Mar 2006||Fraud Investigation||Enron||Enron 'pretty fast and loose with its rules'|
|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|
|Related Reports from the Utilities Industry|
|Southern Water||Questionable Practice||UK Southern Water fined 40million|
|National Grid||Other Issue||£41m meters fine for National Grid|
|British Gas||Questionable Practice||British Gas staff mis-sold deals, says regulator Ofgem|
|Severn Trent Water||Other Issue||Severn Trent provided false information|
|British Gas||Other Issue||British Gas heavily fined over complaint handling|
|© 2006 Corp-Ethics.com | Corporate Ethics|