Corp-Ethics.com - Report: Skilling slams Enron prosecutors

Company	Enron [Company Info]
	Track this Company (an email will be sent to you everytime a report is filed about this company)

Date	Issue	Title
13th Apr 2006	Fraud Investigation	Skilling slams Enron prosecutors

Report

Former Enron chief executive Jeffrey Skilling accused government prosecutors of trying to "rewrite history" during his fourth day on the witness stand.

He said they were misrepresenting Enron's business and making "absurd" allegations against him.

"I think they have purposely not looked at facts they should have looked at if they wanted to come to a more balanced and accurate conclusion," Mr Skilling said to questions from his defence lawyer, Daniel Petrocelli.

He said the prosecution view wasn't "consistent with what really happened at the company".

They allege that Mr Skilling and Mr Lay used partnerships created by former finance chief Andrew Fastow to hide debts and losses and mislead investors about Enron's financial health.

Fastow has admitted to earning millions of dollars from the partnerships he operated, but testified earlier in the trial that Mr Skilling knew about the arrangements.

On Thursday Mr Skilling maintained that he was devastated by Enron's demise, but reasserted that the company was healthy in the run-up to its collapse into bankruptcy.

"I'm devastated because a company that was a fine company was brought to its knees unnecessarily," he said.

His defence team is contending that he was misled by dishonest executives like Fastow, and that the company's collapse was caused by panic-selling from investors rather than serious accounting fraud.

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
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
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
Company	Issue	Report
Westar Energy	Fraud Investigation	Ex-Westar CEO Wittig Gets 18-Year Sentence
Severn Trent Water	Fraud Investigation	Fraud probe at Severn Trent Water
National Grid	Other Issue	Threat of $20m fine for Blackouts
Severn Trent Water	Fraud Investigation	Ex-Severn bosses face fraud questions
Severn Trent Water	Other Issue	Severn Trent provided false information