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Company Enron [Company Info]
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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

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