Testifiying for a third day, Ken Lay, the founder and former boss of Enron
claimed he did not lie about the state of the company’s finances to investors
because he had the results verified by accountants and lawyers.
In response to the six fraud and conspiracy charges against him, Lay
explaining how at each step he believed he was accurately describing the
company’s financial status, based on assurances from Enron’s lawyers and
accountants and using descriptions supplied by Enron’s investor relations staff.
Lay claimed he was ‘reading from a script’ which he would ‘rarely deviate
from it more than a word or two’.
Lay and former CEO Jeffrey Skilling are accused of conspiring to defraud
investors Skilling also faces insider trading charges.
Both deny any wrongdoing.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars