Tears in Texas

Article Abstract:

The trial of Kenneth Lay and Jeffrey Skilling, the captains at the helm of Enron, the energy company which soared and then crashed by end of 2001, has started in Houston, generating a flurry of media interest and increased security. Houston has transformed as a stage for drama, tears and laughter and the nation's eyes are glued to the television sets to watch the long-awaited, big-budget Enron trial.

Texas, Lay, Kenneth, Skilling, Jeffrey

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Dubious dealings at Durex

Article Abstract:

Five former directors of SSL International, the company famous for its Durex condoms, were charged with fraud offences relating to the financial statements of company. The Serious Fraud Offices (SFO) that is handling with the investigation revealed that the SSL had 'fully co-operated' with the investigation and none of its existing employees are to be subject to criminal proceedings.

United Kingdom, Pharmaceutical preparations, Capital funds & cash flow, Investigations, Accounting and auditing, Contraceptives industry, SSL International PLC, Financial misrepresentations, Financial misrepresentation, Cater, Lian, Sanders, Paul, Devenport, Christine

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How to make a Fastow buck

Article Abstract:

Enron's former CFO Andrew Fastow and other accountants pleaded guilty for their part in the affair at the witness box in the Enron trial. Fastow agreed to serve 10 years in prison and he explained how he set up secretive partnerships to cover the losses of millions of dollars.

United States, Fastow, Andrew S.

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